The Company holds eight exploration licence applications in the west Pilbara specifically targeting conglomerate gold. The projects contain over 70 strike kilometres of lower Fortescue Group rocks including both the Hardey Formation and the Mount Roe Basalt. These units elsewhere in the Pilbara have been identified by Novo Resources to be associated with conglomerate style gold.
- SOR holds eight exploration licence applications in the west Pilbara specifically targeting conglomerate gold. These form the basis of three projects: a) Milli Milli, b) Rocklea and c) Bellary.
- The projects contain over 70km strike kilometres of lower Fortescue Group rocks including both the Hardey Formation and the Mount Roe Basalt. These units elsewhere in the Pilbara have been identified by Novo Resources to be associated with conglomerate style gold.
- A number of the SOR projects directly border or are adjacent to projects held by Novo Resources and/or the Creasy Group.
- The Pilbara Conglomerate Gold projects are held by 100% Maria Resources Pty Ltd, a collaboration with geologist Dr. Franco Pirajno.
- A report on historical gold occurrences, nuggets, extensive prospecting activity and conglomerates in and surrounding the project areas is expected to be released publicly.
The projects are located in the west Pilbara on the southern boundary of the Fortescue Basin. Conglomerates of the lower Fortescue Group occur around the Rocklea, Bellary and Milli Milli domes.
Government geological reports show that regional historical gold occurrences have been associated with conglomerates near the Rocklea and Milli Milli domes. There are numerous references to prospectors striking gold, nuggets and alluvial ‘dry blowing’ going back to the 1800’s. Gold has also been reported from conglomerates at the Bellary dome.
The southern boundary of the Fortescue Basin was identified as prospective for Witwatersrand-style gold in the 1990’s but the limited exploration was conducted without the modern knowledge of recent discoveries by Novo Resources and Artemis Resources.
A more detailed report intended to be released publicly within the next few weeks will cover specific historical gold occurrences, illegal prospecting activity and conglomerates in the area.
Managing Director Mr Charles Murphy said “We are extremely pleased with the package of conglomerate gold projects. The team is working hard to compile all of the historical and geological information across the projects. They all have promise but the Milli Milli project in particular is something we believe has significant potential”.