Project Details

EPMs 27805, 27811, 27812, 28277, 28417, 28120 – ActivEX 100%

The Company completed a broad Prospectivity Analysis integrating geophysical, geological and geochemical data along with a review of all historic exploration of the region between its Gilberton Gold JV Project and Georgetown and has been granted for 6 tenements in close proximity to Georgetown for a total area of 504.3km2 .

Sunshine Gold has a fully operational gold processing plant that is located 10km south of Georgetown. The carbon in pulp plant has current capacity to operate at more than 200,000 tonnes per annum (tpa). This is a potential consideration for toll treating of the Georgetown Project Gold Ore.

The Prospectivity Analysis highlighted felsic intrusive centres including several historical gold prospects and similar lithological/metallogenic characteristics to The Company’s intrusive centres at the Gilberton Gold Project. The tenement acquisition broadens ActivEX’s footprint in a gold and critical minerals province of North Queensland.

The Georgetown Gold Project is situated within the Proterozoic Etheridge Province in northeast Queensland, approximately 400km west-northwest of Townsville and 80km north of the Gilberton Gold Project. The Project is in an area which is prospective for several metals including Au, Ag, Cu, Li and REEs.

The Etheridge Province in the region between Georgetown and Gilberton is comprised of variably metamorphosed and deformed sedimentary and volcanic rocks of Palaeo- to Mesoproterozoic age, intruded by Mesoproterozoic granitoids. The eastern margin is in faulted contact with the Palaeozoic Hodgkinson and Broken River provinces of the Tasman Orogen. Within the project area the dominant rocks are clastic and carbonate sediments that have been intruded by a mafic dyke swarm (Cobbold Dolerite).

Significant mineralisation styles in the district include the intrusion related breccia pipe Kidston gold deposit and the Mt Hogan intrusion related quartz veins. Similar occurrences associated with Permo-Carboniferous subvolcanic dykes, plugs, stocks and breccias of rhyolitic to trachytic composition in north Queensland include Mt Leyshon, Mt Wright, Ravenswood, and Red Dome / Mungana, all of which are localised adjacent to regional scale lineaments such as the Gilberton Fault and appear to contain brittle, mineralised structures, characterised by fissure-fill and open-space ore textures. Other Permo-Carboniferous mineralisation styles near Gilberton are the Sherwood and Woolgar epithermal deposits, yet to be developed. There are also important base metal occurrences in the region, including the Kaiser Bill, Einasleigh, and Chloe-Jackson prospects.

Through the study of Geological Site Observation Database (Published by Geological Survey of Queensland), the Company identified a historic lithium prospect (Buchanan) to the NW and historic tantalum prospects to the west of EPM 27812. The metallogenic camp labelled Glenrowan extends from EPM 27812 north east towards the Buchannan’s Lithium/Tantalum Prospect and includes a suite of felsic intrusives.

Figure 2: Solid Geology Lithostructural Map