Exmouth Project
(silver, zinc, uranium, phosphate)
Syndicated's Exmouth project is located about 1000 kilometres north of Perth and 50 kilometres east of Coral Bay, between the Exmouth Gulf and the Minilya Roadhouse.
The project is considered to have potential for zinc-silver mineralization, phosphate and sandstone-hosted uranium mineralization similar to the Manyingee uranium deposit located 100km to the northeast.
Syndicated has the rights to a 100% interest in three granted exploration licences (E08/1413, E08/1739, and E08/1740), covering a total area of 480 square kilometres and recently applied for a new exploration license (E08/1854) of 180 square kilometres that covers extensions of the prospective stratigraphy at the southern end of the project.
The project tenements cover a sequence of Tertiary and Cretaceous sediments close to the axis of the Giralia Anticline in the Carnarvon Basin. The sequence is cut by the major north to northeast trending Giralia and Marilla Faults and several northwest trending faults.
The structural and lithological package at Giralia Range is considered suitable for the formation of base metal sulphide mineralization. The Giralia and Marilla Faults were identified as important elements of the package based on the assumption that the major faults could be conduits for the mineralized fluids. The area has intermittently attracted exploration for these deposits since the late 1970's when iron nodules containing anomalous zinc and silver values were located.
Surface sampling by previous explorers suggests that there is potential for silver mineralization. Rock chip sampling of gossanous rock fragments along a 1.6 kilometre section of the Giralia Fault found elevated silver values of up to 83gpt. This anomalism is believed to represent a different fault-related mesothermal or epithermal style of mineralization. This zone has not been tested by drilling.
Previous exploration by CRA Exploration Pty Ltd in the period 1988 to 1991 located phosphate-nodule bearing horizons at several intervals within Upper Cretaceous sediments in the Cardabia region. Wide spaced aircore drilling indicated that these horizons were present over an extensive depositional area, including the area covered by Syndicated's Exmouth project tenements.
The Company's initial field program comprised geological reconnaissance and soil and rock chip sampling with a view to locating the outcropping and near surface positions of the key phosphate bearing units. Assaying for base metals and silver as well as phosphate will be undertaken across the previously defined base metal and silver targets. A total of 1770 soil samples were collected in the first program.
