The Maitland exploration tenements, which include the Maitland copper deposit, are situated 265km west-northwest of Townsville and cover an area of 250km2. The tenements are adjacent to the Kennedy and Gregory Highways at the southern end of the Mt Garnet Project Region and approximately 40km south west of Kagara Ltd’s Balcooma Deposit. Kagara Ltd purchased the tenements from Glengarry Resources in September, 2008.
The tenements lie within the Forsayth Sub-province of the Proterozoic Georgetown Inlier. The Burdekin River Fault Zone to the south and east separates the Georgetown Inlier from the Palaeozoic Broken River and Hodgkinson Provinces. The Georgetown Inlier is well endowed with a variety of mineral deposits styles including laterite nickel (Greenvale), VHMS (Balcooma), breccia pipe gold (Kidston), hydrothermal quartz vein – precious metals (Croydon Gold Field) and epigenetic uranium (Maureen).
Locally, the area is dominated by the Einasleigh Metamorphics which are part of the Mid Proterozoic Etheridge Group.
The Maitland copper deposit, previously known as Daintree, was discovered in 1908 by Moses McClelland and Thomas Power. Work completed by Glengarry Resources Limited (2004-2008) identified a resource of 1.49Mt @ 1.48% Cu and 0.02% Mo. Mineralisation comprises shear-controlled disseminated chalcopyrite and molybdenite within calc-silicate gneiss. Drilling has been generally limited to a depth of 200m (vertical) with only one hole greater than 200m. The deposit remains open down-dip and down-plunge to the south.
Significant intercepts include;
Drilling over the next 12 months will target down-dip and down-plunge ore body extensions.
Limited exploration work has been carried out over the tenement away from the Maitland deposit. A significant soil sampling program is planned to cover the numerous prospective structural features identified from the detailed aeromagnetic data.
