Locksley locks onto 10km copper trend in NSW land grab

Résumé détaillé

Locksley Resources has expanded its Greater Tottenham copper-gold project in NSW to 1000 square kilometres after securing a new 139-square-kilometre licence containing a 10km-long, undrilled structural feature.

Locksley Resources has consolidated a commanding 1000-square-kilometre land package at its Greater Tottenham copper-gold project in central New South Wales, with the grant of a new exploration licence named Tottenham-West. The new lease adds a 139-square-kilometre slab of underexplored territory hosting an intriguing 10km-long structural feature that has never felt the bite of a drill bit.

The total land package now comprises about 800 square kilometres of granted ground, including the company’s optioned 188 square kilometre Iron Duke project, with a further 197 square kilometres under application, giving the company a dominant position in a key copper-gold belt.

The new ground strategically plugs a gap between Locksley’s existing tenements along the highly prospective Tritton Trend. It consolidates the company’s position across a district containing more than 50km of prospective mineralised and geophysical trends.

The real intrigue lies in a 10km-long, northwest-trending geological feature identified from airborne magnetic data. Despite its scale, government databases show no recorded drilling anywhere within the new licence area, leaving the structure effectively untested by modern exploration.

However, a dig through the archives has unearthed some tantalising historical clues. Heavy-mineral sampling conducted by Duval Mining in the 1980’s turned up some noteworthy results.

One sample taken at the southern end of the structural feature returned 0.4 grams per tonne (g/t) gold, 800 parts per million (ppm) tin and a solid 2400ppm tungsten. Five samples collected from the northern block of the new licence returned even better results, with one hitting up to 1.3g/t gold, 2200ppm tin and 3000ppm tungsten.

The Greater Tottenham project sits within the well-endowed Cobar Basin and Lachlan Orogen, a region NSW Resources recognises as a key setting for copper mineralisation and home to major operations such as Tritton, CSA and the giant Cadia Valley.

The regional potential was…

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