Norrland Gold Corporation's (TSXV:NORR) subsidiary, Eversley Resources, has signed a Native Title Mining Agreement for Exploration with the Arabana Aboriginal Corporation in Australia. This agreement enables Eversley to begin exploration work on the North Gawler Project, which holds potential for both Iron Oxide Copper Gold (IOCG) and rare earth elements (REE) deposits.
VANCOUVER, BC / ACCESSWIRE / December 17, 2024 / Norrland Gold Corporation ('Norrland' or'the Company'), (TSXV:NORR)(Frankfurt Exchange:8VC) is pleased to announce that it has been informed by Eversley Resources that a Native Title Mining Agreement For Exploration has been signed in Australia with the Arabana Aboriginal Corporation RNTBC. The agreement enables Eversley to commence certain exploration work to take place on the ground.
The Company announced on 25 October 2022 that it had acquired a 24.3% equity stake in Eversley Resources Pty ('Eversley') with an intention to increase its stake as the projects progress.IOCG targets and early-stage Ionic Clay type REE in South Australia, a Tier 1 mineral provinceThe North Gawler Project (Figure 1) is a large district scale tenement package that covers 2,584 square kilometres (granted and under application) with early-stage Iron Oxide Copper Gold (IOCG) and ionic clay type rare earth elements (REE) exploration opportunities. It is located in the under-explored region of the northern Gawler Craton with major discovery potential. It is 150km NNE of Prominent Hill. Rio Tinto interpreted the basement geology and confirmed district scale IOCG potential. Numerous IOCG targets were identified by Rio Tinto in area of shallow cover during the early 2000's but only limited follow-up exploration was completed. The Jupiter target is ~7km long ovoid felsic pluton with surrounding iron altered magnetic lithologies, including remnant magnetism (figure 2). The depth to the basement is estimated at 75 to 150 metres. In 1984, BHP drill holes intersected basement schists above 100 metres depth with magnetite±chalcopyrite mineralisation. The Ganymede target is an ~15x1km, NW-trending magnetic anomalous zone adjacent to Keswick Fault with interpreted Fe metasomatism. The depth to basement is estimated at 50 to 150 metres, (it is very rare to identify shallow IOCG targets in South Australia
Mining Exploration IOCG Rare Earth Elements Australia
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