Mount Jukes Project, Tasmania – Copper, Gold, Base Metals (Pacifico 15%)
The Mt Jukes Project is adjacent to the Vedanta owned Mt Lyell copper/gold project in Tasmania. Corona Minerals Ltd (“Corona”) is the operator and manager of this project. Further details about the project can be found on Corona’s website www.coronaminerals.com.
Pacifico has applied for a new Exploration Licence (ELA31354) (Pacifico 100%). The licence application area was selected for the proximity of the area to basaltic volcanics, favourable McArthur Group stratigraphy, complex fault intersections and the presence of a known Cu-Pb occurrence. This ELA lies north of the Coppermine Creek prospect within the Borroloola West Joint Venture. Within this ELA, a zinc-lead gossan with some 600m strike, open along strike under shallow cover and of several meters in thickness has been discovered by Pacifico’s exploration team near Limestone Creek during recent reconnaissance.
The mineralisation appears to be stratabound and is hosted by black shale or chert. The host rock stratigraphy is mapped as Amelia Dolomite, which also has very positive implications for stratabound zinc-lead mineralisation potential within the adjoining BWJV tenements. Pacifico expects this new exciting exploration ground will be granted to the company early 2017.