LIMESTONE CREEK PROJECT
Located approximately 200 km north-west of Cairns, the 100% Lodestone-owned
sediment-hosted gold and copper project contains three main target areas.
The prospective areas are hosted by the Chillagoe Formation that hosts the former Red Dome mine.
Mineralisation of the Limestone Creek project includes coarse gold in
stream sediments, and surface gold grades of up to 7.2 grams per
tonne.
Grant of the tenement application follows acceptance of an
application for Native Title Determination by the Federal Court of Australia and
completion of a Deed for Grant and Renewals by the State of Queensland, the
Western Yalanji #7 People and the Company. The granted permit largely covers nonexclusive
"pastoral holding" leases, which required grant consents from traditional
owners.
The Limestone Creek project will be advanced by Lodestone, alone or in joint venture,
depending on funding and the merits of any farm-in offer.
Click to Enlarge
|
