Vulcan The Next Olympic Dam?
Tasman Group Corporate Overview Tasman Group Corporate Overview Minerals Tasman Resources Ltd Tasman Resources Ltd Cu, Au, U, Ag, (TAS) Pb, Zn, Ni , Oil Shale 17.8%* 17.8%* 28.1%* 28.1%* Eden Energy Ltd Eden Energy Ltd Fission Energy Ltd Fission Energy Ltd (EDE) (EDE) (FIS) 100% 100% 50% 50% Hydrogen & Hythane Hydrogen & Hythane 50% 50% Mt Thirsty Co-Ni Pyrolysis Pyrolysis 50% 50% Coal Bed Methane Coal Bed Methane 100% 100% 100% 100% SA Natural Gas SA Natural Gas Uranium – SA, WA 100% 100% Geothermal Energy Geothermal Energy * = fully diluted
Tasman Resources: Project Locations Tasman Resources: Project Locations Mirrica: Au, Cu/Zn/Pb Lake Torrens: IOCGU Parkinson Dam: Au/Ag/Zn/Pb Central Gawler: Au, Ni Streaky Bay: U
Lake Torrens Project Lake Torrens Project • Over 2,000 km 2 of tenements adjacent to Olympic Dam • Several IOCGU systems confirmed and interpreted: Vulcan, Titan – confirmed; Zeus - interpreted Billy Barnes, Atlas, Marathon Sth. – IOCGU prospects • Vulcan - new IOCGU system discovered Nov.2009 from 870m depth in initial drill hole VUD001: - similar dimensions to Olympic Dam, 30km to south - virtually untested gravity anomaly (>15km 2 ) - >10km interpreted hematite rich target strike length - IOCGU mineralisation and metal association confirmed - typical hematite breccia (+ cpy, py, carbonate) • IOCGU mineralisation at Titan (inc. 334m @ 0.1% Cu)
Olympic Dam • World’s largest IOCGU deposit (350 to 1000m depth) worlds largest known uranium deposit ~ 2.54mt contained U 3 O 8 (~40% of world U 3 O 8 ) worlds fourth largest copper deposit: ~ 79mt contained Cu world’s fifth largest gold deposit: ~ 79moz Au • Australia’s largest hard rock mine • Total Resources: 9.08 billion tonnes @ 0.87% Cu, 0.28kg/t U 3 O 8 , 0.31g/t Au, 1.5g/t Ag • Ore Reserves: 589 million tonnes @ 1.81% Cu, 0.6kg/t U 3 O 8 , 0.5g/t Au
Lake Torrens Project Lake Torrens Project
Lake Torrens Project: Targets Lake Torrens Project: Targets
Vulcan: S- -N Seismic Reflection Profile N Seismic Reflection Profile Vulcan: S S SHD 1 N VUD 001 Cover Sediments Basement Strong Seismic Reflectors in Basement – IOCGU? Geoscience Australia – PIRSA 2003 Traverse OD 1
Olympic Dam: W- -E Seismic Reflection Profile E Seismic Reflection Profile Olympic Dam: W W E Cover Sediments Basement Seismic Reflectors in Basement (Olympic Dam Breccia Complex, SE limb) Geoscience Australia – PIRSA 2003 Traverse OD 2
Vulcan Gravity VUD001 SHD1 Residual Gravity Image and 0.1mgal Bouger Gravity Contours
Vulcan Drill Target
Vulcan: Schematic Cross Section A - B
Olympic Dam: Initial Drilling
Olympic Dam – Vulcan: Area Comparison OD breccia complex Olympic Dam approx. 10km 2 Vulcan 2km Vulcan interpreted gravity (hematite-rich) target approx. 11km 2 2km
Olympic Dam - Vulcan: Residual Gravity Comparison (calculated residual gravity response if Vulcan at same depth as OD ) Olympic Dam Vulcan 2km 2km
Vulcan – – Carapateena: Bouguer Gravity Comparison Carapateena: Bouguer Gravity Comparison Vulcan Vulcan Carapateena
Vulcan Drill Core: VUD 001 NQ Drill Core: depth approx. 928m
Vulcan VUD 001: Breccia Styles Heterolithic, sulphide- rich breccia Mineralised, hematite matrix- rich breccia (py, cpy) Heterolithic, carbonate breccia (py, cpy, hem)
VUD 001: Copper Mineralisation cpy hem py
VUD 001: Copper Mineralisation hem carb cpy
Vulcan VUD 001: Down-hole correlation of IOCGU metals Cover Sediments Cover Sediments Basement Basement Cu U 3 O 8 Au Cu
Vulcan Project: Exploration Program • Gravity infill and modelling completed • VUD001 – assaying/ geological interpretation completed • IOCGU deposit model confirmed based on latest data • Follow up drilling underway May - June 2010 • Resolve aboriginal heritage issues over southern portion of gravity target
Regional Targets: Zeus
Parkinson Dam Gold – – Silver Project Silver Project Parkinson Dam Gold
Parkinson Dam – – High Grade Mineralisation High Grade Mineralisation Parkinson Dam • PD 63: 21m @ 21g/t Au, 83g/t Ag (inc 9m @ 31g/t Au, 152 g/t Ag) • Classic epithermal veining • Gold (electrum ~ 35% Ag) • PD 64: 3m @ 18.1% Pb, 1.1% Zn, 44.2g/t Ag • Epithermal mineralisation > 4.5 km 2
Parkinson Dam: High Grade Au/Ag plus Zn/Pb Parkinson Dam: High Grade Au/Ag plus Zn/Pb PD 63 - high grade Au/Ag Multiple Zones of thick Zn/Pb (Ag), e.g. *50m @ 0.9% Zn, 0.3% Pb *185m + @ 0.3% Zn, 0.1% Pb Vector pointing towards higher grades to be drilled
Competent Person’ ’s Statement s Statement Competent Person The information in this presentation that relates to Exploration Results and Activities is based on information compiled by Robert Smith and Michael Glasson who are Members of the Australian Institute of Geoscientists. Robert Smith and Michael Glasson are full-time employees of the Company. Robert Smith and Michael Glasson have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Robert Smith and Michael Glasson consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Disclaimer Disclaimer The interpretations and conclusions reached in this presentation are based on current geological theory and the best evidence available to the authors at the time of writing. It is the nature of all scientific conclusions that they are founded on an assessment of probabilities and, however high these probabilities might be, they make no claim for complete certainty. Any economic decisions that might be taken on the basis of interpretations or conclusions contained in this report will therefore carry an element of risk. It should not be assumed that the reported Exploration Results will result, with further exploration, in the definition of a Mineral Resource.
Recommend
More recommend
