Red Metal Limited

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Home Projects By Province Tennant Creek Inlier
Tennant Creek Inlier

This terrain contains a number of small high-grade copper and gold deposits associated with hematite and magnetite ironstones and is considered by Red Metal to be highly prospective for larger deposits of this style.  Recent drill tests on combined gravity and magnetic targets under cover has highlighted a number of new copper-gold and lead-zinc rich discoveries which further highlights the mineral endowment of the region.

Tennant Creek Copper-Gold Projects

ImageHigh-grade deposits of copper and gold mineralisation associated with magnetite and/or hematite bearing ironstones which have a strong magnetic and gravity response have been mined in the Tennant Creek Inlier for many years.  Recent drilling by Westgold Resources NL on one such ironstone at their Rover 1 prospect has outlined a high-grade gold and copper resource containing the equivalent of over 1 million ounces of gold.

In the same terrain, Red Metal has a large land position located on Aboriginal lands where the prospective rocks are covered by a thin veneer of dune sands and sedimentary sequences. Red Metal’s Tennant Creek licence areas contain significant untested magnetic targets comparable with the Rover 1 prospect.

 

New World Copper-Nickel Project

ImageAlso in the Tennant Creek terrain Red Metal recently secured a new exploration licence application over a regionally significant high-magnetic target located on the flank of a large mafic intrusive complex. The New World project, located 35 kilometres southwest of the township of Tennant Creek, is considered prospective for mafic intrusion hosted nickel-copper mineralisation similar to the giant Norilsk deposits in Siberia or Tennant Creek style copper-gold mineralisation.