Greenvale Mining says seven key exploration licences have been granted for its Georgina Iron Oxide Copper-Gold (IOCG) project in the Northern Territory, paving the way for work to commence.
The exploration licences cover a 3180sq km land package east of Tennant Creek, in an area targeted by the Federally funded Exploring for the Future programs.
And the Mineral Exploration Cooperative Research Centre (MinEx CRC) recently launched a world-first scientific drilling program across the district – known as the National Drilling Initiative (NDI).
The initiative’s first drilling campaign, “Campaign One: East Tennant Project”, is a collaboration between MinEx CRC, Geoscience Australia and the Northern Territory Geological Survey.
Greenvale Mining said two of the 12 sites being targeted under that program were located on or adjacent to its Georgina IOCG project, presenting the company with highly valuable insights.
The NDI drilling campaign is planned to be completed during the Northern Territory dry season. (Results will be made publicly available via MinEx CRC’s NDI data portal: https://minexcrc.com.au/ndi-data-portal/)
“We’ve been working on the Georgina IOCG project for the past 12 months and we are very excited to see the progress of the NDI,” Greenvale Mining executive director Neil Biddle said.
“With the grant of the majority of our key exploration licences, we have commenced a large-scale program of geophysics to cover the NDI drill sites within our tenements and will shortly be following up with additional geophysics on the western and south-eastern tenements.
“Georgina represents an incredible opportunity for Greenvale to be involved in one of the most exciting regional exploration programs to be undertaken in Australia’s history.
“We anticipate that our geophysics programs will rapidly lead to field mapping, geochemistry and drilling programs targeting IOCG mineralisation during 2021.”
Greenvale Mining also holds the Alpha oil shale project about 500km west of Rockhampton.