Lake Mackay Project, Gold Exploration, Mining Exploration Company Gold Company

Lake Mackay Project

The Lake Mackay Project area is located approximately 400km west-northwest of Alice Springs in the Northern Territory. This project area is one of the most remote and underexplored regions of Australia. Reconnaissance work by Tanami Gold and other previous explorers revealed several areas of enhanced anomalism in copper, gold and other base metals.

Location Map of the Lake Mackay Project Area in the Northern Territory

ABM has completed data integration and targeting on three prospects with multiple targets in the Lake Mackay Area. In addition, results from a recent Induced Polarization geophysical survey have been received. The company is currently preparing for the 2010 field season where it expects to drill up to 5 targets in the Lake Mackay Project Area out of a total of 20 targets in the Northern Territory.

Previous shallow RAB drilling intersected up to 16m @ 3.4g/t gold; 4m @ 2.67% Cu at the Tekapo prospect with Rock Chips up to 32.58g/t Au. The regolith geochemistry and shallow drilling defined a copper-gold-bismuth anomaly over 1.2km by 0.6km and the induced Polarization Survey reveals underlying modelled chargeability anomaly of 2km x 2km.

There are currently six Diamond / RC holes planned to target depths of 300m to 400m and nine new proximal targets have been identified with comparable geophysical signature to Tekapo.

Diagram 1

Tekapo Geochemistry

The Dodger prospect has an extensive intrusive-related gold system with large 6km by 8km underlying intrusion. The regolith (RAB) anomaly is greater than 2.5km long averaging 250ppb gold. There is minimal outcrop, however, surface channel sampling on small ridge with zones up to 4m @ 3.56g/t gold and rock chips up to 10.60g/t gold and 12% lead. 

There are five adjacent geophysical targets currently untested with surface or drill methods. ABM have four Diamond / RC holes planned and further extensional testing of regolith chemistry.
 

Diagram 2

Doger Geochemistry

The Taupo prospect displays an anomalous corridor 8km by 1km defined by surface lag sampling and shallow RAB drilling. ABM have four Diamond / RC Holes planned to test the anomalies.
 

Diagram 3

Taupo Geochemistry