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
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.
The host rocks for most of the mineral occcurances and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, heatitic felsic volcanic rock, locally with veins of purple fluorite and disseminated pyrite.
This property as already generated a lot of interest from mining companies and is bing offered as a Joint Venture (JV) project.They no longer appear to be regionally altered... they are strongly altered...heatitic felsic and dissseminated pyrite....
Do your own DD, search google, and see whom is misleading whom
