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Home Investors ASX Announcements Lawn Hill Zinc Project - Results from New Airbborne Electromagnetic Survey
Lawn Hill Zinc Project - Results from New Airbborne Electromagnetic Survey

Recent processing of new airborne electromagnetic data (VTEM) has mapped the extent of the 2 significant stratiform conductors and identified 5 others for further assessment.

Conductor 1 is flat lying, measuring 5 kilometres by 6 kilometres and located under about 120 metres of younger sedimentary cover. Conductor 2 is 25 kilometres long, dips about 30 degrees to the northwest and is located under 50 to 200 metres of younger sedimentary cover.  Here the conductive sequences are estimated to be about one kilometre thick and occur along strike from exposures of the prospective Riversleigh Siltstone.

The Riversleigh Siltstone is known to host stratiform zinc mineralisation and marks the time equivalence of the Barney Creek Formation, the host to the giant McArthur River and Teena silver-lead-zinc deposits located in the Northern Territory. The Barney Creek Formation, where mineralised, is locally thickened and enriched in pyritic and carbonaceous sediments that are highly conductive.

Preparations are underway to begin ground work and drill tests on a number of these exciting new zinc target concepts during the third quarter of 2017.