 |
Location and Infrastructure
(Click picture to enlarge). |
Far West, through its wholly-owned subsidiary Far West Mining Pty Ltd is currently exploring for Broken Hill-type ("BHT") deposits in the Georgetown area of Queensland, Australia. The project is located approximately 300 kilometres west of the port city of Townsville. The Georgetown Project comprises nine tenements that cover approximately 1,290 sq km. They were assembled by BHPB to explore for Cannington type deposits (45 Mt @ 11.9% Pb, 4.8% Zn, 520g/t Ag) and feature host rocks of the same age and with similar characteristics to those that host the Cannington mine.
During the 2006 and 2007 field seasons, Far West conducted ground geophysical surveys (magnetics and moving loop TEM) and confirmed geophysical targets obtained from an airborne electromagnetic/magnetic survey over the Georgetown properties in 2005. In 2006, reconnaissance work carried out in the vicinity of geophysical signatures in the northern-most tenement resulted in the discovery of an outcrop bearing prospective host rocks that contained rare rock types and minerals (gahnite) characteristic of BHT style of mineralization confirming the presence of prospective stratigraphy in the project area.
BHT belts in Queensland
(Click picture to enlarge). |
In 2007, the Company carried out a drill program consisting of seven drill holes in two target areas for a total of 2,375 metres. All drill holes intercepted prospective host rocks under cover of younger sandstone proving that the exploration concept at Georgetown is valid.
The 2008 drill program tested 4 targets on 2 tenements for a total of 3119m in 9 holes. Strong alteration and mineralization over 100m was intersected in 4 holes at Robin Hood, while detailed geological mapping over the area resulted in the discovery of multiple Pb-Ag (galena) and Cu-Ag-Zn rich surface showings. Far West will conduct further drilling at Robin Hood in 2009.
Follow-up drilling at Chudleigh Park in 2008 confirmed prospective rocks with minor alteration but without mineralization.
Far West has earned a 100% interest (subject to 2% NSR royalty held by BHP Billiton) in the Georgetown Project by spending US $2,000,000 on exploration (including airborne and ground geophysical programs).
| |
| |
)
)