FAR WEST MINING LTD. : http://www.farwestmining.com/ : QwikReport

Australia - Georgetown

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 km west of the port city of Townsville. The Georgetown Project comprises five tenements that cover approximately 330 sq km combined. The tenements feature host rocks of the same age and with similar characteristics to those that host the BHT-style Cannington mine (45 Mt @ 11.9% Pb, 4.8% Zn, 520g/t Ag).

During the 2006-2008 field seasons, Far West conducted ground geophysical surveys and confirmed geophysical targets obtained from an airborne electromagnetic/magnetic survey over all Georgetown properties in 2005. In 2006, field work on the Robin Hood tenement resulted in the discovery of an outcrop characteristic of BHT style mineralization (gahnite-rich gossan) confirming the presence of prospective stratigraphy.

BHT belts in Queensland (Click picture to enlarge).

In 2007, the Far West carried out a drill program consisting of seven drill holes in two other target areas for a total of 2,375m. All drill holes intercepted prospective host rocks under cover validating the company's exploration concept at Georgetown.

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. Follow-up drilling at Chudleigh Park in 2008 confirmed prospective rocks with minor alteration but without mineralization.

In 2009 a detailed gravity survey, subsequent drilling (864m in 6 holes) and additional field sampling and mapping at Robin Hood combined new and known showings to one mineralized structure 2km long with highest Ag values in areas previously unexplored.
At Perryvale, mapping and soil sampling indicated strong Garnet-Epidote-Magnetite-Quartz alteration in field samples with elevated Zn in soils over a 4x3km corridor.

In 2009/2010 FWM reduced its land position in the southern areas of the Georgetown Inlier while applying for additional ground north-east of Robin Hood (Mount Mist tenement).

In May 2010, Far West conducted additional ground geophysical work on its Perryvale and Beverly Hills tenements in preparation for 2010 drilling of what the company believes are very interesting magnetic targets in structurally favorable positions.

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).

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This page was created on Thu Sep 9, 2010 at 5:23:40 PM Pacific Time.