TriAusMin Commences SkyTEM Geophysical Survey Over Cullarin, New South Wales, Australia
Background
The Cullarin JV (TriAusMin 68.2% / Golden Cross Resources 31.8%) comprises the 158 km2 EL 7954 centred near Breadalbane, 20 km due west of Goulburn and is the northernmost tenement within the Company's Woodlawn Regional Exploration Project (Figure 1). The tenement covers a 28 kilometre long belt of well-mineralized north-south trending Siluro-Devonian felsic volcanics and volcaniclastics assigned to the Campbells Group, the stratigraphic equivalent of the Mount Fairy Group which hosts the Woodlawn VHMS mine to the south. EL 7954 encompasses at least 30 known mineral occurrences that span an array of mineral deposit styles. Prospects include the Gurrundah barite (stratiform) deposit, the Wet Lagoon (South) gold deposit, several historical iron ore-copper mines (magnetite-chalcopyrite skarns) such as the Breadalbane B2 Quarry and a 3 kilometre long cluster of narrow, high-grade, shear-hosted copper mines on the Lake George Thrust Fault. Prior explorers have also considered this belt to have the potential to host porphyry and epithermal mineralization. TriAusMin is exploring for satellite and / or stand-alone, Woodlawn style VHMS mineralization, for which AEM is considered an important and effective exploration tool.
Figure 1: Woodlawn Project tenement map
To view Figure 1, click onto the following link:
http://www.usetdas.com/maps/triausmin/triausminmay152014001.jpg
SkyTEM Survey
In March 2014 a contract was signed with GroundProbe Geophysics of Perth to fly a helicopter-borne SkyTEM survey over the Cullarin JV property. The survey totals 705 line kilometres and is comprised of 200 metre-spaced, east-west lines (Figure 2). The survey equipment comprises an advanced, multi-moment SkyTEM airborne time-domain electromagnetic system. Data acquisition commenced on the May 13th and the survey will be completed by May 16th following which Mitre Geophysics will conduct QA-QC, process and interpret the geophysical data.
This high resolution survey is a significant step in advancing the exploration of this property, as it will be the first AEM survey using modern day technology employed over this area. The local area has been previously explored, mainly during the 1970s and 1980s, however, much of that work focused at the prospect scale therefore the tenement remains underexplored. Additionally, sedimentary cover in the southern half of the tenement (up to 50 metres thick) impeded prior work.
There have been significant advances in AEM in the last 20 to 30 years, including much better ground penetration and improved resolution. In the geophysical conditions expected within EL7594, Woodlawn style mineralization should be detectable some hundreds of metres below surface.
AEM survey results are anticipated to be received in late June 2014 and following verification and interpretation these results will be announced.
Figure 2: Proposed SkyTEM survey flight lines within EL 7954
To view Figure 2, click onto the following link:
http://www.usetdas.com/maps/triausmin/triausminmay152014003.gif
About TriAusMin
TriAusMin is engaged in the exploration and development of base and precious metals deposits in the Lachlan Fold Belt of New South Wales, Australia. TriAusMin's projects include the Woodlawn Project, the Lewis Ponds Project located near Orange, as well as a number of other quality exploration properties in the Lachlan Fold Belt.
For further information, please visit www.triausmin.com or contact:
Australia:
Mr Wayne Taylor, Managing Director and Chief Executive Officer
Tel: +61 02 9299 7800 (Sydney)
inquire@triausmin.com
Canada:
Tel: +1 905 727 8688 (Toronto)
info@triausmin.com
Competent Person's / Qualified Person's Declaration
The technical information in this report relating to the Cullarin JV Project is based on information compiled by Mr Erik Conaghan, who is a Member of the Australasian Institute of Geoscientists. Mr Conaghan is a full-time employee of TriAusMin Limited and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results and "qualified person" as this term is defined in Canadian National Instrument 43-101 ("NI 43-101"). Mr Conaghan consents to the inclusion in this report of the information in the form and context in which it appears.
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