Leases Type: Exploration
Primary Commodity: Gold (Au), Lithium (Li)
The Panorama Gold Project is located 265km south-south-east of Karratha in the Pilbara Region of Western Australia. The project is prospective for lithium and gold hosted within conglomerate. The tenement group contains an extensive area of the Mt Roe Basalt which is the geological member of the Fortescue Group that overlies the conglomerate gold horizon at Artemis Resources Limited’s Purdy’s Reward Project near Karratha, Western Australia.
In May and July 2018, the Company conducted stream sediment sampling programs across the tenements. During the geochemical survey a total of 45 samples were collected from selected drainage courses confirming several anomalous sediment values ranging from 13 ppb to 113 ppb Gold. This area was previously identified from a historical rock chip sampling program with values of up to 3.5 g/t Au.
The region is considered to have significant potential for the discovery of large VMS systems and for the expansion of known resources. The exploration target at Panorama is conglomerate hosted gold deposits along the Mt Roe Basalt/Hardey Formation contact, as found at Artemis Resources Limited’s Purdy’s Reward.
First pass stream sediment sampling has been completed for Panorama. The sampling program explored the area for conglomerate gold as mapping shows extensive outcrops of Mt Roe Basalts and Hardey Formation.
Conglomerate Gold 15km Strike Zone
A Sulphur Springs target in the west of the tenement:
- potential structural and stratigraphic zone of some 15km strike has been identified, the zone has limited sampling, but several anomalous rock samples highlight the potential of the target
- historically some exploration was reported in the south looking for nickel
In the east of the tenure, two sub parallel horizons show anomalous gold in soil samples and correspond to potential “gold in conglomerate” stratigraphy like that identified elsewhere in the Pilbara region by Canadian company Nova Resources
The Panorama tenements straddle the southern end of the North Pole Dome, northern ends of the North Shaw and Soanesville Belts.
The main exploration targets at Panorama are Precambrian placer gold deposits. These deposits have the potential to contain lithium bearing pegmatites.