Exporation Targets
NQR has an extensive portfolio of exploration permits strategically located in the concealed extension of the prolific gold and base metal districts of North Queensland, Australia. A large-scale drilling program is planned across the portfolio, with results across most permits expected throughout 2018.
Few significant recent discoveries Nth QLD
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Too much historic focus on outcrop and known areas
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Unwilling to step out under cover to take risk
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Limited info under cover to encourage explorers
Run out of ideas – not deposits!
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Unlock region prospectively by stepping out under cover
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Heavily mineralised outcrop provides confidence that future large discoveries to be made under cover
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Recognising large mineral systems in potential field data
Successful Exploration Strategies – then & now
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Nth QLD maturity analogous to Mt Isa Block late 1980’s
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Commit to step out under cover: new strategy = success
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Drill test a ‘critical mass’ of targets (>20) for success
Targeting intrusion associated mineralisation undercover
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Au ± Cu systems (Red Dome, Aust. – 3 moz Au & 2.5 kt Cu)
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Cu-Au systems (Pebble, Alaska – 26 mt Cu & 70 moz Au)
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Sn-Ag-Zn-Cu systems (Potosi, Bolivia – 5.5 boz# Ag & 1.5 mt Sn)
Potential UNCOVER Initiative
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New mineral province/s – Tier one potential
Three project areas; approx. 2000 km2
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Lynd Resources Pty Ltd
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Yappar Resources Pty Ltd
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Gamboola Resources Pty Ltd
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Farm-in to Wilson Minerals and Palmer Gold tenements
