| Risk and valuation analysis of the Mount oxide Project |
| Status Risk : Mine development |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Title(s) of the Mount oxide Project |
 | Perilya Limited
Owner: 100% |
 | | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
|
|
|
|
| Location of the Mount oxide Project |
|
The Mount Oxide project lies in the western Mount Isa Block and covers a 35 kilometre extent of the NNE-trending Mount Gordon Fault system that includes the old Mount Oxide copper mine.
|
| |
| History of the Mount oxide Project |
|
Within the project area, the Mount Oxide mine produced 51,000 tonnes of secondary copper ore at a grade of 21% copper from an underground mining operation to a depth of 90 metres below surface, prior to 1958. Between 1968 and 1971, an unknown quantity of ore was also extracted from an open pit at the mine.
|
| |
| Geology of the Mount oxide Project |
|
|
The copper mineralisation occurs as chalcocite in carbonaceous pyritic shale on the margins of steeply-dipping zones of siliceous and haematitic breccia.
|
| |
|
|
