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Especially haematite is closely connected with copper mineralisation at all scales see below
How does this apply to Rusty Ridgeis that everything in the Christmas PR fits in to the description of an Olympic Dam Desposit Type.... and the addition claims expanding the claim seems to point to the fact they know it is district wide
In the breccia complex exists two iron oxide minerals, magnetite and haematite,
which have been evolved by alteration. Magnetite is in good condition at depth
and within breccia on frontier of the ODBC, which are obviously not well developed.
In the other parts subsist ‘magnetite cores within haematite grains’ (Reynolds
2001). Reynolds (2001) suggests that magnetite could be ‘the earliest phase
of iron oxide alteration within the breccia complex’ and that it has been signed
over by haematite alteration. Haematite occurs mainly in the center of the deposit
and regional represents >95% of the rock whereas magnetite make up 20% of the
rock in strongly altered breccia zones. Reeve et al. (1990) documented that haematite
generally displays ‘pre-existing minerals, including primary granitic comp onents,
dykes and secondary hydrothermal or vein minerals’. But it can also ‘precipitated
from solution in veins and vugs’ (Reynolds 2001). Especially haematite
is closely connected with copper mineralisation at all scales. (Reynolds 2001)
Apart from the magnetite and haematite alteration there is silicate alteration.
In addition it is important to note that ‘chlorite and siderite alteration is more
abundant at depth and on the periphery of the breccia zones’ (Reynolds 2001). It is
also connected with ‘more magnetite-dominated alteration and chalcopyrite mineralisation’
(Reynolds 2001). The boundary of the central core of haematite-quartz
breccias possesses a high silicification and these zones are expected to have a
higher gold mineralisation
The second fluid was in contact with mafic-ultramafic mantle-derived
magma and is responsible for the haematite alteration and ore genesis. Maybe the
mafic and felsic dykes within the ODBC are an evidence for ‘a direct magmatic
association for these hydrothermal fluids sources
Beyond the classification after Haynes (1995) it is important to know that massive
ore is seldom in the ODBC that means the mineralisation basically appears
within the matrix of the breccias. Copper ore minerals are found as ‘disseminated
grains, veinlets and fragments within the breccia zones’ (Reynolds 2001). Gold,
silver and uranium always occur with sulphides, for example the uranium mineral
pitchblende (uraninite) mainly appears as ‘fine-grained disseminations within
haematitic breccias, intergrown with sulphides and haematite’ (Reynolds 2001).
Silver mostly is present ‘in solid solution with the sulphide minerals’ (Reynolds
2001) and gold appears as strongly bound particles within and in connection with
copper sulphide grains. The rare earth elements mainly La and Ce are found all
over the breccia zones and especially in the central haematite quartz core its content
is commonly higher. (Reynolds 2001
An oldie but a goodie
http://wn.com/Iron_oxide_copper_gold_ore_deposits
see number two
Hematite (iron oxide, Fe2O3)
A common iron ore mineral
Hematite is a heavy, red or bluish-black mineral
that contains 70 percent metallic iron when pure.
It is found in many kinds of rocks, both as a primary
constituent and as an alteration product
http://www.dnr.mo.gov/geology/docs/rocksetbooklet.pdf
Magnetite contains 72 percent iron when pure, and is an important ore.
Magnetite’s magnetic property sets it apart from other iron ores; prospectors
can locate ore deposits with instruments that measure magnetic intensity.
Iron Pyrite (iron disulfide, FeS2)
A common accessory mineral in rocks and ore deposits
Iron pyrite is a common, pale-bronze or brass-yellow
mineral. It may be composed of all or a portion
of the minerals pyrite and marcasite, and it often
contains small amounts of other metals. The
diagnostic physical properties of iron pyrite are
brilliant metallic luster, nonmagnetic, black streak,
brittle fracture, hardness greater than that of a knife blade or nail and
absence of cleavage. Often mistaken for gold, which is softer, malleable
and much heavier, pyrite is also known as “Fool’s Gold.” Pyrite commonly
crystallizes in cubes (whose faces are sometimes striated), octahedrons, or
pyritohedrons, while marcasite forms orthorhombic crystals commonly
in the shape of a rooster’s comb. Iron pyrite is the most widespread and
abundant of the sulfide minerals. It may occur in almost any kind of rock,
including most sedimentary, igneous and metamorphic rocks. Also, it is a
common vein mineral that occurs in association with many economically
important metallic ore minerals, such as galena, sphalerite, chalcopyrite,
gold, silver, etc. Iron pyrite weathers relatively rapidly in the surface environment,
reacting chemically with water and atmospheric oxygen to form
rust and sulfuric acid. Due to its weathering properties, it is the chief cause
of acid mine drainage. Iron pyrite
Honest debate would require that you not delete half my posts.
Maybe some of the high school kid would like to help out B402 just why this is called Rusty Ridge..LMAOROTFL
Take your Pick, Short....No FE has been found to date..
Sure google heminate in an IOGC deposit and you will find it is the end ore in a process....add
(3) a distinctive suite of minor elements
(REE, Co, Ag, ± U, P), and (4) prominent structural control (cf. Hitzman et al. 1992). and you tell me what does google tell you you found.
Characteristics of IOCG systems
Most investigators agree that IOCG-related hydrothermal systems share certain
distinguishing features notably including (1) extensive alkali-rich alteration, (2)
voluminous low-Ti magnetite and/or hematite, (3) a distinctive suite of minor elements
(REE, Co, Ag, ± U, P), and (4) prominent structural control (cf. Hitzman et al. 1992).
Coeval magmatism is a general, though perhaps not universal, adjunct. These features
and their geophysical signatures provide the basic footprints. In contrast to the consensus
aspects, various groups have argued that key characteristics could include associations
with distinctive magmas (e.g., high-K granitoids, Pollard 2000; alkaline magmatism,
Meyer 1988) or non-magmatic brines (e.g., evaporitic fluids or basinal brines; Barton and
Johnson 1996, Haynes 2000) or distinctive tectonic environments (e.g., extensional or
compressional settings; Hitzman 2000) or distinctive ages of formation (e.g.,
Mesoproterozoic; Meyer 1988). For this latter group of disputed characteristics, the
footprint expected will reflect the animal that is being tracked (be it edible or
Copper and gold-bearing hematite-rich breccias formed by repetitive hydrothermal brecciation hematite end member of the IOCG ore deposit model type
I am not sure where you get your information from but I believe
you are using it in a misleading fashion. Or being Mislead..
Wrong on all of your counts
First of all they at least found 1% copper
No mention of copper findings to date with katx..
Hole RR10-01, approximately 500 meters south of RR10-02, was drilled to a depth of 719.3 meters to test a
coincident gravity and magnetics anomaly. The hole intersected mafic volcanic rocks, conglomerates and mafic
intrusive rocks that contain indications of sub-economic copper mineralization throughout most of the drill hole
(including native copper and chalcopyrite).
719 meters of native copper and chalcopyrite....the most common copper ore.... look it up... the words sub-economic is exactly the words use by the geos that first drilled Olympic Dam in Austraila. The important thing is Olympic Dam was going to be a tunnel mine... Rusty Ridge is Cutting the top of a mountain and copper is only part of the ore body....
There was no mention of intersction or grades of copper at RR so far....
Right now, to most, things seem to have switched to an REE play
with .164% TREO (we need a very min of .5
Excellent shows whats is going on in Newfoundland....
look at the second map
Look at the pictures...You seem to have a problem with the concept of district wide OD type ore deposits. July 08, 2010 5:20:23 AM
Re: A deleted message Post # of 130813
New Information about Rusty Ridge!
"Rick-Uk looks like Clifton here too maybe"
Hmmm... you are completely wrong yet at the same time have found something very interesting! That's not the Clifton area, that's bang on top of our Rusty Ridge property! :o)
Exactly, this is not new...only the technology is...What is your experience with the new 3 D targets.
Historical Info on Rusty Ridge:
Quote:
--------------------------------------------------------------------------------
MOUNT PEARL, NEWFOUNDLAND--Cornerstone Capital Resources Inc. (CDNX - CTP) has received the results of a 3-D magnetic inversion completed on data over a portion of the Ken's Mountain magnetic anomaly on the South Princess property. The work had been undertaken to further investigate the potential for iron oxide-copper-uranium-gold-silver-rare earth deposits in the area...
Further work in 2001 showed the Ken's Mountain area to exhibit several geological, geophysical and geochemical characteristics associated with iron oxide-copper-uranium-gold-silver-rare earth deposits, particularly deposits in Australia. The most striking characteristic is the fact that the 12 X 4 km magnetic anomaly in the Ken's Mountain area [a.k.a. “Rusty Ridge”] is adjacent to the Charlottetown Fault, a major regional structure. The South Princess area rocks developed in an extensional continental environment during late Proterozoic time, a setting common to a number of the world's largest iron oxide type deposits...
LMAO Proven, strongly suggested no longer just appears to be...
Do more DD on geochemical importantance of trance metal....Cerium and Lanathanum are in the core not just the ground... look at the DD and look at the pictures... compare the drill hole and drill depths....and the location of the interestions....
Strongly suggest anyone interested buy now... once the word gets out the masses will buy .... its just a matter of time before the Rusty Ridge story is written... Might just have a chapter or two from folk now posting maybe some comment from folks in jail LMAO...
The coincidental magnetic IP resistivity and soil geochemical anomalies suggests potential for a body of Iron Oxide +/- Base, Precious and Rare Earth Element type mineralization, similar in style and settings to the giant Olympic Dam deposit in Australia. The presence of a large magnetic body that appears to be intrusive into the overlying rock sequence that appear regionally altered, are variably pyritic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization. Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam were not only detected in soils but also in rock samples as well in our Rusty Ridge property. In addition, the soil geochemistry also produced anomalies in silver, gold & copper.
President and CEO Ken Stead stated “This project will be very significant for the growth of the company if the defined targets at depth prove to be a multi-mineral ore body similar to that of the Olympic Dam, or any deposit for that matter. We know the targets are very intense and now we are ready to prove what they are by means of a series of deep drill holes”.
Not really REE are only part of the OD type ore body the most common rock was
not easy to see in a hematite matrix, being almost the same colour
What BS would that be....like the Dagnet tagline only the names and company have be changed.(just read the read parts sound like anything we know)...so tha some can make more $$$$
as these findings became clear, he had many interesting discussions with Roy Woodall and Jim Lalor, the future leader of the search for Olympic Dam, about what they might mean for copper exploration in Australia.
http://theolympicdamstory.com/Extract-from-the-book.php
Western Mining certainly had no doubts about the value of Haynes’ findings. Haynes says everything possible was done to keep his research from the prying eyes of competitors. While there were limits to the restrictions that could be placed on access to a taxpayer-funded PhD, Western Mining was able to keep Haynes’ research findings under wraps until 1974. It effectively managed a two-year head-start on any competitors that might want to throw their own exploration funds behind the breakthrough science that Haynes had developed at ANU.
Exploration director and chief geologist Roy Woodall had seized every opportunity to use the best science and innovative thinking, including new geochemical and geophysical survey techniques, and aggressive exploration for possible Australian analogies of copper deposits in the US and Africa. Now came an opportunity to develop some world-best science of its own. One of Western Mining’s youngest and brightest geologists, Douglas Haynes, decided he would go back to university for three years to undertake a PhD in a certain style of copper mineralisation.
The discovery of nickel at Kambalda at the start of 1966 transformed the company and it suddenly needed every top quality geologist it could find. Haynes was one of four geology undergraduates completing an Honours year at The University of Western Australia, along with Geoff Hudson, Gordon Dunbar and Ian Campbell. Don Campbell, Western Mining’s exploration chief and Ian’s father
In March 1967, he was sent to join the copper exploration project in the Warburton Ranges, followed by six months on the Fortescue project between June and December 1967. The next year was spent at Moonta, trying to make sense of the many drill cores that had produced such disappointing and confusing results since the first exploration holes in 1960
wanted to look at the genesis of copper deposits in the Warburton Ranges because I had done mapping in that area. The idea was to continue mapping in the area of mineralisation, collect samples of the altered basalt rocks and other rocks in the region and perform a geochemical study to look at losses and gains of different major and trace elements
It was an ambitious study and certainly beyond the capability of most geology graduates
Haynes says other geologists had previously noted an association between altered basalts and copper occurrences, but there was no proof that altered basalts produced copper
“His continued emphasis on the need to ask thoughtful, but not necessarily ‘correct’ scientific questions, to think laterally, to not accept the conventional, and especially, his encouragement of new ideas provided outstanding guidance to a young PhD student. Allan’s enthusiasm made the science more enjoyable, and his mentoring dramatically improved the quality of the research.”
reflected a very strong sense of camaraderie in the Exploration Division. “It really did feel like a family. We all had a great feeling of enthusiasm for the company and were totally in this spirit of wanting our company to be successful.”
Well if you have no experience in REE numbers and the market will tell us...
Which market should we look at the PPS for Katx or the demand for REE and the record high for copper...
Give us all a little more to go on.
The market on katx moves with the MM and how they want to move on a "good news" day....
Are you saying that on a "good news" day the market can't be brought down...?
If you help us out then we will all know what good new values would be and we can keep the market up....
You post here all
What would call " lousy Hole 2 results" for a REE deposit
How many grams per ton?
Can you give a limits of nonminable deposit, at what width and depth and what happens if other minerals are also recoveralbe.
Can you give some figures? So every one here will know when the news.
Just what point did I make for you....
You have not made any points...watch what will happen we will get and news and every stock newsletter will report that KATX is oversold and where it was and what it does.... so they can put it in there news letters if it goes up.... and because it has a good chance to go way up.... it will retrace were it has been quickly...
In a slot machine you put your nickel in and it disappears in the stock market you can play until you sell....
It not my pump its just there are alot of folks that will play a junior gold stock on the move....watch...
If there is one main stream newspaper article that mentions the gold rush in Newfoundland that put a positive article out. and the KATX ticker symbol is listed .. what will the charts tell you.... just the folks that rode the stock up last time and will do so again will roll back into the stock with good news.... The IR department should speak the Olympic Dam geo and get some of them to comment.....IMO
If there is one main stream newspaper article that mentions the gold rush in Newfoundland that put a positive article out. and the KATX ticker symbol is listed .. what will the charts tell you.... just the folks that rode the stock up last time and will do so again will roll back into the stock with good news.... The IR department should speak the Olympic Dam geo and get some of them to comment.....IMO
Your opinion or my opinion
Bad news the stock hits .02 the good new we hit $165….
It a penny stock at .o3 its like a nickel slot machine at Vegas, once people get the news it will move up… and guess what than it a quarter machine, then a dollar…. The folks play to win on much lesser odds.. get in now, the science is good.
Yes there are some degress you should know of. see below...no doubt newfie knows geo... you just cut and paste parts....that do not apply
See if he will state on the website that the IOCG deposit could not be there....
The most exciting recent addition to the team is the appointment
in July 2010 of Mr J. Wayne Pickett M.Sc., P.Geo. (NL,BC) to the board of directors. Mr Pickett is a registered geoscientist and is qualified to sign off NI 43-101 compliant exploration reports. Mr Pickett has considerable experience in mineral exploration and has worked both in Canada and elsewhere on gold, silver, copper and uranium exploration projects for a number of organisations including Cornerstone Resources and Teck Exploration. As a board level director, Mr Pickett brings substantial expertise and credibility to the group.
Mr Pickett’s resume can be viewed here
The other recent addition to the team is Mr R. James Weick M.Sc. (Earth Science), P.Geo. Mr Weick was appointed to the role of Geologist in May 2010 and he was responsible for heading up the exploration programme at Handcamp prior to handing over to and working alongside Mr Pickett. Mr Weick has a very impressive background in mineral exploration including the supervision of geochemistry, geophysics, trenching and drilling projects from reconnaissance exploration through to prefeasibility deposit resource / reserve estimation.
What is your degree in what makes you want to control the board post after post.... why are you here....by the way debate the 35% and 60% you can do that cant you....you wanted debate
What is sad is that you point out that the hype is $165 I would like to point at that a ten bagger is at hand... and all we need to get there is to get back were the pps was... easie peasie....
Honest debate....Newfie talks about iron ore mines at 60% the comparison needs to be the same type deposit...
largest orebody at Bayan Obo deposit in Inner Mongolia, China contains 20 Mt of 35 % Fe
Quote:
--------------------------------------------------------------------------------
You realize that you probably need > 60% Fe to make it profitable and a strongly hematite altered conglomerate is not going to do it. No mention of Fe assays, photo-documentation, etc. So I have strong doubts on whether there are economical concentrations of Fe to be considered "iron ore".
--------------------------------------------------------------------------------
ECONOMIC FACTORS
Quote:
--------------------------------------------------------------------------------
TYPICAL GRADE AND TONNAGE: Deposits may exceed 1000 Mt grading greater than 20 % Fe and frequently are in 100 to 500 Mt range. Olympic Dam deposit has estimated reserves of 2000 Mt grading 1.6% Cu, 0.06% U3O8, 3.5 g/t Ag and 0.6 g/t Au with a measured and indicated resource in a large number of different ore zones of 450 Mt grading 2.5% Cu, 0.08 % U3O8, 6 g/t Ag and 0.6 g/t Au with ~5,000 g/t REE. The Ernest Henry deposit in Australia contains 100 Mt at 1.6% Cu and 0.8 g/t Au. Sue-Dianne deposit in the Northwest Territories contains 8 Mt averaging 0.8% Cu and 1000 g/t U and locally significant gold. The Kiruna district contains more than 3000 Mt of Fe oxide apatite ore grading 50-60% Fe and 0.5 -5 % P. The largest orebody at Bayan Obo deposit in Inner Mongolia, China contains 20 Mt of 35 % Fe and 6.19% REE.
You judge by pps others will judge by the science..... see who comes out on top...
Ken Stead president of Kat Exploration seems to think so and so does his team of specialized geologists.
katexploration.com/. A completed 3D inversion modeling of the airborne magnetic data shows a discreet, strong magnetic anomaly underlying the Rusty Ridge area. A 3D inversion model of the ground gravity survey identified a large gravity anomaly and several other smaller anomalies further supporting the potential for an IOCG deposit. Selected coincident gravity, magnetic and IP anomalies, including the large gravity anomaly, will now be drill tested to determine the significance of these targets.
Ken Stead, President/CEO of KAT Exploration (KATX) stated, "That although the targets to be drilled are deep targets, what is most exciting and of interest is that the anomalies are also 400-500 meters thick. If these targets prove to be thick mineralized units similar to that of the Olympic Dam (http://bhpbilliton.com/bb/ourBusinesses/baseMetals/olympicDam.jsp), it will be the first for the province and will no doubt generate a tremendous positive impact for the company."
Ken Stead has announced a deep drilling program to begin on this property in the coming weeks. If an IOCG deposit (iron, ore, copper and gold plus REE’s, rare earth elements) are discovered on the property, this will no doubt give this small company and quiet property international attention. When Inco started to drill the Voisey Bay deposit, that stock rocketed from .20 cents to $165.
KATX is currently trading at .09 per share. If an IOCG is detected only one tenth the size of the Olympic Dam in Australia, there will be many overnight millionaires made who were lucky enough to find this “gem.”
What does abound in IOCG districts is mono- or polyphase iron oxide(s) matrix breccia at a local to a regional scale (e.g. Reeve et al., 1990; Hitzman, 2000). This leads to spectacular outcrop exposures and/or to significant magnetic and gravity anomalies, keys to mineral exploration at the district scalegsc.nrcan.gc.ca/mindep/synth_dep/iocg/index_e.php
Known IOCG districts commonly comprise a train of iron oxide-rich deposits and prospects along linear arrays more than 100 km long and >10 km wide, with a 10-30 km spacing of the deposits along a crustal-scale fault zone, either exposed or cryptic, and their subsidiary brittle fractures, ductile fault zones and narrow rifts (Ray and Lefebure, 2000; Sleigh, 2002; Belperio and Freeman, 2004). Consequently, linear distributions of iron prospects are more prospective
Alteration zones are distinctive in the field and the overprinting of Cu-Au mineralization on an earlier magnetite-rich alteration is diagnostic of IOCG processes (Etheridge and Bartsch, 2000). Hence geochemical surveys and mapping of alteration zones are important components of IOCG exploration strategies at the deposit scale to further results of similar initiatives at the district scale
Canadian plutonic and gneissic felsic terranes may be very fertile in IOCG deposits and other Cu-Au systems. A corollary to Porter's statement on oxide versus sulphide mineralizing systems (cf. Porter, 2002b) may be that the currently largely uncharted Canadian 'pinkstone belts', the plutonic and gneissic felsic belts, may represent the converse of the greenstone belts on which attention has been focussed for so long. If governments and industry consortiums were to concentrate on bringing the geoscientific infrastructure of plutonic and gneissic belts up to modern standards other large as yet unrecognized 'oxide alteration/mineralizing systems' and their concealed ore deposits may be recognized and existing systems may be 're-classified' and better appreciated.
Canadian plutonic and gneissic belts may play the role in the twenty first century that greenstone belts played in the twentieth century: to host major mining camps and sustain rejuvenation and replenishment of mineral resources. If so, a key to the renewal of metal resources of Canada will be to direct public and academic geoscientific efforts toward providing a modern geological infrastructure for the exploration of frontier high-grade metamorphic and plutonic terrains of the Canadian Shield and ancestral North America and their coeval and successor volcano-sedimentary settings.
A general paucity of knowledge about many gneissic and plutonic belts and the need to adapt the robust exploration methods and models developed for sulphide mineralizing systems in greenstone belts lead to innovative ways to extract useful information from the current knowledge base in order to predict prospectivity of Canada's geological frontier terranes. Coincidental features among different mineralizing contexts (e.g. SEDEX or volcanic hosted uranium deposits with IOCG) and key IOCG pathfinders serve as guide for the prospectivity of uncharted terranes.
The spatial distribution of Proterozoic gneissic and plutonic terranes along the margin of the Precambrian Shield makes the search for IOCG deposits even more attractive. Knowledge-driven IOCG-related research, exploration and exploitation represent key elements of diversification for the sustainable development of northern and remote communities across Canada.
This is, by ordinary standards, almost perverse persistence, isn’t it?
http://www.em.gov.bc.ca/Mining/Geolsurv/MetallicMinerals/MineralDepositProfiles/PROFILES/D07.htm
TYPICAL GRADE AND TONNAGE: Deposits may exceed 1000 Mt grading greater than 20 % Fe and frequently are in 100 to 500 Mt range. Olympic Dam deposit has estimated reserves of 2000 Mt grading 1.6% Cu, 0.06% U3O8, 3.5 g/t Ag and 0.6 g/t Au with a measured and indicated resource in a large number of different ore zones of 450 Mt grading 2.5% Cu, 0.08 % U3O8, 6 g/t Ag and 0.6 g/t Au with ~5,000 g/t REE. The Ernest Henry deposit in Australia contains 100 Mt at 1.6% Cu and 0.8 g/t Au. Sue-Dianne deposit in the Northwest Territories contains 8 Mt averaging 0.8% Cu and 1000 g/t U and locally significant gold. The Kiruna district contains more than 3000 Mt of Fe oxide apatite ore grading 50-60% Fe and 0.5 -5 % P. The largest orebody at Bayan Obo deposit in Inner Mongolia, China contains 20 Mt of 35 % Fe and 6.19% REE.
www.science.org.au/scientists/interviews/w/woodall.html#11
As we drilled, beneath 300 metres of barren sediment the drill intersected a most astonishing rock full of iron oxide, hematitic, highly fractured – a breccia. Here was rock we’d never ever seen the likes of before. The interesting funny story is that Douglas said, ‘Hooray, here we are! We’ve got a fractured basic “source-rock” that’s been now leached of copper because it’s full of hematite. Let’s send it away for assay to show how much it’s been leached of copper.’ Douglas wanted to see a basic rock; he needed to see it, that is what he wanted to see and that is what he saw. But we couldn’t identify what this rock really was.
Anyway, back came the assay. The rock wasn’t leached of copper, it contained 1% copper. Initially, we couldn’t see any copper sulphides as they were very fine-grained, but we went back to the core and, lo and behold, we found the copper mineral bornite – which is not easy to see in a hematite matrix, being almost the same colour.
This is, by ordinary standards, almost perverse persistence, isn’t it?
Yes. We now know that some of those drill holes went quite close to very high-grade ore and we were just unlucky. But I am sure that many, many people and many, many companies have been in this situation looking for an orebody, having spent a lot of money, and have then walked away after drill hole No. 9! When do you stop? We kept going because of these exciting-looking rocks. Then we drilled RD10 and we intersected over 200 metres of 2% copper. And – what a bonus! – it also had a significant gold content and a significant uranium content.
Copper and gold are commonly associated; if you were getting the copper values, it was natural to look for gold. But what made you look for uranium?
Well, we certainly made a difference. Western Mining became a great company and it was built on exploration success
Ken’s Mountain area exhibits several geological, geophysical and geochemical characteristics associated with iron oxide-copper-uranium-gold-silver-REE deposits in Australia
http://www.cornerstoneresources.com/i/pdf/Financials_AIF07.pdf
Cutting and pasting from Cornerstone Resources is not exactly like Weak a pedia.... or cutting and posting selections from other posters out of context...
The unnamed sequence of volcanic rocks consists of a bimodal sequence of subaerial mafic and overlying felsic volcanics, considered to be of alkaline and peralkaline affinity respectively and classified as pantellerites. The mafic volcanics are generally thin (< 1 metre), green to red, amygdaloidal and vesicular flows with minor tuff, agglomerate and locally flow top breccia. The felsic volcanics vary from fine grained massive to locally feldspar porphyritic flows with local flow banded and autobrecciated flows. The felsic volcanic rocks are also weakly radioactive with occasional scintillometer readings approaching 750 counts per second.
The volcanic sequence is best exposed in the western portion of the property, south of the community of Bunyan’s Cove. At this location, the felsic volcanics are well exposed along a prominent ridge dubbed Ken’s Mountain..
Prior to 1997, very little exploration work had been completed within the property area. Lake water sampling by Radex Minerals in 1969 was conducted as part of a uranium exploration program. Regional mapping was done in 1950 and 1962 by the Geological Survey of Canada and in 1992 by the Geological Survey of Newfoundland. Regional lake sampling surveys completed by the Geological Survey of Newfoundland in 1988 and 1993 revealed moderate Cu values in four locations (26, 27, 33 and 34 ppm Cu).
Prospecting on the property in 1999 led to the discovery of pyrite-fluorite-bearing quartz veins associated with a large gossan in felsic volcanics in proximity to a major fault and Cu sulphides and oxides in quartz-carbonate veins within mafic volcanics and coarse clastic sediments.
The Ken’s Mountain area exhibits several geological, geophysical and geochemical characteristics associated with iron oxide-copper-uranium-gold-silver-REE deposits in Australia. The most striking characteristic is a 12 X 4 km magnetic anomaly adjacent to the Charlottetown Fault, a major regional structure. Rocks in this area are interpreted to have developed in an extensional continental environment during late Proterozoic time, a setting common to a number of the world’s largest iron oxide type deposits. The grid area is underlain by a brecciated, hematized felsic volcanic unit that is known to host disseminated and vein-type pyrite, chalcopyrite and fluorite mineralization. The felsic volcanic rocks are weakly radioactive and carry anomalous amounts of several rare earth elements (REE). A soil-sampling program detected highly anomalous levels of the REE’s lanthanum (La) and cerium (Ce), both of which are associated with the Australian deposits.
The best assays for all the samples analyzed on the property are from this showing. Sample W20-95a contained 18% Cu and 11.6 oz/t Ag, W20-98 assayed 5.1% Cu and 3.4 oz/t Ag, RW99-049 contained 0.83% Cu and 0.5 oz/t Ag, sample RW99-050 assayed 1.95% Cu and 1.7 oz/t Ag, and sample W20-97 contained 0.87% Cu and 0.5 oz/t Ag.
Ken Stead (Prospector), discovered gold-copper mineralization on June 25,1997 and performed additional sampling on the licence(5643M) in July and August of that year. Additional claims were subsequently staked by Cornerstone Resources.
An independent examination on behalf of Cornerstone Resources, by KIEX Consulting Ltd., confirmed the findings of Ken Stead
www.mineprospector.com/documents/Pike_Property_Report.pdf Everything listed here is from this report... color=red]Although it might be selfserving by the company that wrote it why wouldn't be true.....?[[/color]After this report seems to be a multiple company NDA.....
F&P firmly believes that the Pike property could hold excellent potential for discovery of Rare Earth Minerals associated with porphyry style copper deposits and/or rich Pb vein hosted mineralization within felsic volcanic rocks and mafic dykes on the property. The property sits on a suite of subaerial mafic and peralkalic felsic lava and pyroclastic rocks, which is related to (by similar trace-element character) the subvolcanic Louil Hills peralkaline granite (O’Brien et al., 1988; see Figs. 1 & 3)
May not be all that easy to see this time either....
that neither we nor anyone else in the world had ever seen before, [/color]in a strange hematite-rich rock
Your first drilling target seems to have presented you with something of a conundrum.
www.science.org.au/scientists/interviews/w/notes_woodall.html
It did. Well, what to do next? We drilled some more holes. We’re now out in the desert [laugh], over a hundred kilometres from any known copper mineralisation, drilling expensive holes which cost at least $100,000 each, following up copper mineralisation of a type that neither we nor anyone else in the world had ever seen before, in a strange hematite-rich rock which we subsequently recognised as brecciated granite.
Tim and Hugh had agreed on a second target some distance away, so we drilled that. We found nothing. We came back to the location where we did get that ‘sniff’ of copper in the first hole, RD1; we drilled a second hole, and we found nothing. We drilled a third hole and found nothing. Now, I tell you: in many companies, at this stage the managing director would have phoned up and said, ‘You guys, stop wasting my money drilling holes out in the desert and finding nothing, thank you very much. It may be scientifically interesting, but I’ve got shareholders to satisfy.’ But we persisted! We drilled a fourth hole and found nothing. We drilled the fifth hole and we got a similar intersection to the first hole, a ‘sniff’. Well
customers wanted copper as well.
“I wanted to look at the genesis of copper deposits in the Warburton Ranges because I had done mapping in that area. The idea was to continue mapping in the area of mineralisation, collect samples of the altered basalt rocks and other rocks in the region and perform a geochemical study to look at losses and gains of different major and trace elements.
“The study would relate those losses and gains to the types of alteration minerals and then use those alteration minerals to set constraints on the hydrothermal ore-forming system. From there, the study would rig a generalised model of copper occurrence that could be applied in exploration in the future. That was basically the aim at the very beginning.”
It was an ambitious study and certainly beyond the capability of most geology graduates, even with a First Class Honours year behind them. However, Haynes had the background to do it; he loved chemistry almost as much as geology and was still taking chemistry subjects in his final years as an undergraduate. He says geology won narrowly over chemistry as a career path because of his desire to be outdoors and the exciting prospect of being involved in mineral discoveries. It was a time when major discoveries of iron ore in the Hamersley Ranges and uranium in the Northern Territory had created great excitement about a resources boom.
The PhD study focused on the chemical reactions when magnetite in basalt altered to hematite. Both are forms of iron ore, but have very different physical properties. Magnetite is magnetic, hematite is not; magnetite can hold copper in its crystal structure, but hematite cannot. So what happens to the copper and associated minerals when basalt is altered from magnetite to hematite by extremely hot, mineral-rich waters?
Haynes says other geologists had previously noted an association between altered basalts and copper occurrences, but there was no proof that altered basalts produced copper. The PhD study sought to prove the connection. If Haynes succeeded, he would establish for Western Mining a radically different model for finding copper deposits. It was exactly the kind of new science on which the company had built its reputation and its rising wealth.
Western Mining certainly had no doubts about the value of Haynes’ findings. Haynes says everything possible was done to keep his research from the prying eyes of competitors. While there were limits to the restrictions that could be placed on access to a taxpayer-funded PhD, Western Mining was able to keep Haynes’ research findings under wraps until 1974. It effectively managed a two-year head-start on any competitors that might want to throw their own exploration funds behind the breakthrough science that Haynes had developed at ANU
5,000 g/t REE Olympic Dam deposit numbers with iron copper and gold....
http://www.em.gov.bc.ca/Mining/Geolsurv/MetallicMinerals/MineralDepositProfiles/PROFILES/D07.htm
ECONOMIC FACTORS
TYPICAL GRADE AND TONNAGE: Deposits may exceed 1000 Mt grading greater than 20 % Fe and frequently are in 100 to 500 Mt range. Olympic Dam deposit has estimated reserves of 2000 Mt grading 1.6% Cu, 0.06% U3O8, 3.5 g/t Ag and 0.6 g/t Au with a measured and indicated resource in a large number of different ore zones of 450 Mt grading 2.5% Cu, 0.08 % U3O8, 6 g/t Ag and 0.6 g/t Au with ~5,000 g/t REE. The Ernest Henry deposit in Australia contains 100 Mt at 1.6% Cu and 0.8 g/t Au. Sue-Dianne deposit in the Northwest Territories contains 8 Mt averaging 0.8% Cu and 1000 g/t U and locally significant gold. The Kiruna district contains more than 3000 Mt of Fe oxide apatite ore grading 50-60% Fe and 0.5 -5 % P. The largest orebody at Bayan Obo deposit in Inner Mongolia, China contains 20 Mt of 35 % Fe and 6.19% REE.
ECONOMIC LIMITATIONS: Larger Fe oxide deposits may be mined for Fe only; however, polymetallic deposits are more attractive.
IMPORTANCE: These deposits continue to be significant producers of Fe and represent an important deposit type for producing Cu, U and possibly REE
The rocks at OD were also first reported to be of subecononical copper content.... read the history... and since when is the top 40 meters a deep target.... GO AWAY.....you need to cite fact not friends ingorformation.....
You keep up your postings and we will see once nine or more drilling reports are in, if the result next week do not pove out the claims... The cornerstone claims and the cache claims prove how large spread the deposit are and the OD mineral contents prove that the values that you keep pointing out are not require to prove for a "huge" increase in the KATX share price....
http://www.cornerstoneresources.com/i/pdf/Financials_AIF07.pdf
The Ken’s Mountain area exhibits several geological, geophysical and geochemical characteristics associated with iron oxide-copper-uranium-gold-silver-REE deposits in Australia. The most striking characteristic is a 12 X 4 km magnetic anomaly adjacent to the Charlottetown Fault, a major regional structure. Rocks in this area are interpreted to have developed in an extensional continental environment during late Proterozoic time, a setting common to a number of the world’s largest iron oxide type deposits. The grid area is underlain by a brecciated, hematized felsic volcanic unit that is known to host disseminated and vein-type pyrite, chalcopyrite and fluorite mineralization. The felsic volcanic rocks are weakly radioactive and carry anomalous amounts of several rare earth elements (REE). A soil-sampling program detected highly anomalous levels of the REE’s lanthanum (La) and cerium (Ce), both of which are associated with the Australian deposits
Regionally, the area can be separated into two northerly trending belts of similar age. The western belt, the Love Cove Group, is comprised of volcanic flows and volcaniclastic rocks that are products of major caldera-forming eruptions. The eastern belt, which includes the property group, consists of marine clastic sedimentary rocks (turbidites) of the Connecting Point Group that are unconformably overlain by bimodal volcanics and clastic sediments of the Musgravetown Group. The Musgravetown Group ranges in age from 595 and 545 million years, a time of widespread hydrothermal alteration and significant epithermal Au mineralization and recently identified copper mineralization. Cambrian clastic sedimentary rocks unconformably overlie the Musgravetown Group to the south of the property.
Property Geology
The property is underlain mainly by sedimentary and volcanic rocks of the Late Proterozoic Musgravetown Group. The northeastern margin of the property is underlain by the Connecting Point Group, which is composed of green arenaceous sandstone, grey and green siltstone and minor granule conglomerate. The Connecting Point Group is unconformably overlain by the Musgravetown Group to the south. The extreme western portion of the property is underlain by highly strained felsic and mafic volcanic rocks of the Love Cove Group that are in fault contact (Charlottetown Fault) with the Musgravetown Group to the east. Within the property, the Musgravetown Group consists of the Canning’s Cove Formation and an unnamed sequence of bimodal volcanic rocks that conformably overlie it. The Canning’s Cove Formation is the basal member of the Musgravetown Group and consists of a gently dipping sequence of red to locally grey sediments including pebble to cobble polymictic conglomerate, sandstone and siltstone.
The unnamed sequence of volcanic rocks consists of a bimodal sequence of subaerial mafic and overlying felsic volcanics, considered to be of alkaline and peralkaline affinity respectively and classified as pantellerites. The mafic volcanics are generally thin (< 1 metre), green to red, amygdaloidal and vesicular flows with minor tuff, agglomerate and locally flow top breccia. The felsic volcanics vary from fine grained massive to locally feldspar porphyritic flows with local flow banded and autobrecciated flows. The felsic volcanic rocks are also weakly radioactive with occasional scintillometer readings approaching 750 counts per second.
The volcanic sequence is best exposed in the western portion of the property, south of the community of Bunyan’s Cove. At this location, the felsic volcanics are well exposed along a prominent ridge dubbed Ken’s Mountain. The felsic volcanics at this location
Worth reading again....before Monday
We have two deep targets, so the idea is to get down there and see what those targets are. While it is a costly operation, we will venture it ourselves but would hope to joint venture it with another company. The only thing is, with the Handcamp Gold Property a priority, we are not sure if we will get a drill on the Rusty Ridge this year. If we can find the time to promote it and get a major company to come and use their money, well that will really help. However, if not we will test that deposit ourselves. If it is what we hope it is, it would probably turn this area into a whole brand-new exploration play for major companies because these deposits are kind of rare in that they host nearly all the major minerals. They have base metals, gold, silver and uranium along with rare-earth minerals. If it turns out to be an economical deposit, one can imagine how other companies will take interest in the whole region looking for more of these deposits.
Thanks for once it's not me...:)LOL
I hope the IR folk have been reading and give you a quote...
Waiting on Results, the first two holes of many more.
Started watching this stock when it was someone's promo it hit the charts at .90 and dropped to .001 then up to .25 and now down to .02. We have yet to receive the BVIG shares and while it is disappointing. I have no doubt it is one of those things that take longer than your first given the timeline....
What’s in the ground has been the same the whole time.... I like what seems to be going on in Newfoundland.... I think this is a long term hold and I can wait...
Who says I am a newbie....
KATX
Kat Expl Inc Com Kat Expl Inc Com XX,XXX 10/06/2009 Long Term $0.0044
I just got tried of reading the trash without any facts.....
1.1. Introduction to Iron Oxide-Copper-Gold Mineralisation
http://wiredspace.wits.ac.za/bitstream/handle/10539/1750/CHAPTER1___INTRO.pdf?sequence=2
Until some one can point out how 2 drill holes and the first 50 meter only of the second with the results reported so far are a failure what I read leaves me of the opinion the REE mineral really qualifies this as a OD type deposit.
Read the percentage of the Olympic Dam mine so that when the result do come out the posters here can not buffalo you in to thinking good results are bad.....
High-grade copper-uranium mineralisation generally correlates to more hematite altered rocks (Fe-metasomatised) and may be accompanied by fluorite, barite and REE phases. The exception is the central hematite-quartz breccia, which appears to be a final stage hydrothermal reworking of earlier generations of mineralisation. High-grade gold zones occur as narrow, complex zones around the silicified margins of the hematite-quartz core
Fluorite mineralisation occurs together with sulphides in the mineralised breccias as disseminations, clasts and veins that may comprise up to 1-2 % of the rock
Secondary barite and hematite in the upper portions of the deposit indicate surface or near-surface exhalative activity (Pirajno, 2000). Generalised alteration and mineralisation patterns are shown in Figure 1.7. (Look at the figure 1.7 and imagine only have 2 drill holes to map this out. But if you add the neighboring properties you see a much larger picture and see why Vale has miles of claims.....IMO)
The principal copper-bearing minerals are cogenetically-precipitated chalcopyrite, bornite and chalcocite (Plates 1.2 (a)-(c)) (Johnson & McCulloch, 1995) with minor native copper. Bornite and chalcocite often occur as exsolution intergrowths of each other (Plate 1.2 (d)-(e)). Minor gold and silver is intimately associated with the copper sulphides
Figure 1.5. Simplified geological plan of the Olympic Dam Breccia Complex (ODBC) showing the general distribution of the major breccia types. Note the broad zonation from the host granite at the margins of the breccia complex to progressively more hematite rich lithologies in the centre (from Reynolds, 2000).
Alteration around the deposit is dominated by a sericite-hematite mineralogy with lesser amounts of chlorite . . .
hematite-chlorite-carbonate alteration, with intensity increasing towards the centre.
Towards the centre of the breccia bodies hematite becomes abundant and overprints all other styles of alteration . . .
Chlorite alteration, together with siderite alteration, is more abundant at depth and on the peripheries of the deposit and appears to be associated with magnetite-dominated alteration and chalcopyrite mineralisation . . .Silicification occurs throughout the breccia complex but is most intense around the margins of the central hematite-quartz breccias. These zones are prospective for gold mineralisation.
late-stage overprint of the Complex, extending into the roof-rocks, produces barite-fluorite-siderite-sulphide veins up
Subordinate clasts of sericitised granite breccia and hematite-quartz breccia also present. Chalcopyrite and bornite occur as non-visible disseminations.
Olympic Dam is host to a voluminous polymetallic suite of Fe-Cu-U-(Au-Ag) with approximately 2 billion tonnes of ore at 2.5 % Cu, as well as 0.6 g/t Au, 0.02 % Co, 6 g/t Ag, 0.5 % LREE, and 0.8 kg/t U3O8, (Williams 1999), and it is currently the fifth largest low-grade copper producer in the world. Ore grades are represented in Table 1.3. The ore zones account for only a small portion of the ODBC volume but background levels of all mineralisation components are widespread, typically up to 0.5 % Cu, 0.2 kg/t U3O8, 0.5 g/t Au and 1 g/t Ag
26 % Fe
Figure 1.7. Generalised alteration and mineralisation patterns within the ODBC with some typical mineral assemblages. More common components of the ODBC shown in solid lines; neither absolute nor relative abundances are implied. mt=magnetite; hem=hematite; ser=sericite; chl=chlorite; sid=siderite; flu=fluorite; bar=barite; sil=silicification; py=pyrite; cp=chalcopyrite; bn=bornite; cc=chalcocite; Cuo=native copper; Auo=free gold; ura=uraninite; bra=brannerite; cof=coffinite; REE=lanthanum and cerium (from Reynolds, 2000).
What if the surrounding parcels are all part of an OD dam size deposit......
pubs.usgs.gov/of/2007/1155/of2007-1155_text.pdf
DESCRIPTIVE AND GRADE-TONNAGE MODELS AND DATABASE FOR IRON OXIDE Cu-Au DEPOSITS
By Dennis P. Cox and Donald A. Singer
APPROXIMATE SYNONYMS Ironstone Cu-Au. The acronym is IOCG. (Replaces Olympic Dam Cu-Au-U, Cox, 1986b
DESCRIPTION Iron oxide Cu-Au deposits are veins and breccia-hosted bodies of hematite and/or magnetite with disseminated Cu +Au ± Ag ± Pd ± Pt ± Ni ± U ± LREE minerals formed in sedimentary or volcano-sedimentary basins intruded by igneous rocks. Deposits are associated with broad redox boundaries and feature sodic alteration of source rocks and potassic alteration of host rocks
DEPOSIT DESCRIPTION
Mineralogy Principal minerals are magnetite, hematite, and siderite with biotite, calc-silicate minerals and minor apatite. Iron oxides have Fe:Ti ratio greater than iron oxides in most igneous rocks (Williams and others, 2005). Fe oxide Cu-Au deposits contain chalcopyrite, bornite, and gold and, less commonly, chalcocite. Pyrite or pyrrhotite are present in most deposits. Less common minerals include bastnaesite, uraninite, monazite, allanite, Pt group minerals, molybdenite, sphalerite, galena, bismuthinite, scheelite, arsenopyrite, cobaltite, and Ni-Co arsenides. Gangue minerals are quartz, biotite, calc-silicate minerals, scapolite (marialite variety, 3NaAlSi3O8.NaCl), albite, fluorite, fluorapatite, calcite, barite and tourmaline. Quartz vein stockworks, common to porphyry copper deposits, are not present in IOCG deposits (Sillitoe, 2003).
Deposit Tonnage and Grade Ore tonnages vary widely with more than 3.8 billion tons at Olympic Dam, Australia (Williams and others, 2005), and 470 million tons at La Candelaria, Chile. Tonnages of iron-only deposits range from 700 million to 2 billion tons or more.
Within the 33 IOCG deposits in the accompanying file, two distinct tonnage-grade populations can be recognized (Table 1): 12 consist of deposits hosted in faults or veins (labeled as fault-/vein-hosted type in the database) and 21 consist of deposits hosted in breccias or fault-zones (labeled as fault-zone-/breccia-hosted). The difference in tonnage (median 3.5 Mmt vs. 120 Mmt for fault zone-/breccia-hosted) reflects the type and extent of permeability in the host rock and the amount of open space available for mineral deposition. The differences in grade ( 2.3 percent Cu versus 1.1 percent for fault-zone-/breccia-hosted) may reflect the economies of scale, such that large tonnage deposits with lower grade ores can be mined more cheaply by bulk mining methods.
Ore Controls Pre-ore permeability of host rocks and faults and shear zones combined with redox fronts are the major ore controls of ore deposition. The largest deposits are hosted by breccias of tectonic sedimentary, volcanic or phreatomagmatic origin. Major shear zones are also important loci of IOCG deposition. Small deposits form as fault-controlled veins.
Geochemical Signature The elements Cu + Au ± Bi ± U ± Ni ± Co ± PGE ± REE are present in K-rich rocks.
Ore and alteration mineral facies are asymmetric (Sillitoe, 2003) reflecting formation on a redox boundary with bornite, chalcocite, magnetite and biotite on the oxidized side and chalcopyrite and distal pyrite and calcite on the reduced side. At Olympic Dam and Prominent Hill in Australia, mineral zonation is vertical with chalcocite at the top grading downward to bornite, chalcopyrite, and pyrite at depth
Just what are you asking BioChem to confirm...?
Biochemist2002 Share Friday, February 19, 2010 2:50:54 AM
Re: None Post # of 128738
Hey guys check out the new KATX Facebook discussion page http://www.facebook.com/pages/Kat-Exploration/283084523208?ref=ss#!/pages/Kat-Exploration/283084523208?v=app_2373072738&ref=ss
This baby's gonna blow. Great properties, great CEO, JVs in near future.
Holding since .02 and just wired in some more tax money late this afternoon. Unfortunately, I didn't get filled, but will for sure tommorrow.
Why would our friend be yelling this at 3:53 in the morning.....Strong buy..... Very Strange
Re: REE's RESULTS ARE POSITIVE, CONFIRMED!!! 1-Feb-11 03:53 am COMPETE LIE, STOP THE RUMORS AND PUMPING KATX
this stock does not need to be pumped
it is not a pump and dump stock
it will grow over the time with positive results and news
Sentiment : Strong Buy
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