Turner River Gold Project (Azure 70% / Creasy Group 30%)
This project comprises two unexplored Exploration Licence applications covering 450km2 located just south of Port Hedland.
The mostly sand-covered Turner River property contains sedimentary units of the Mallina Formation, granite intrusions and the Louden Volcanics, an Archean-age greenstone belt. There are no indications of drilling or other historical exploration within the project area.
At the closest point, Turner River is situated within seven kilometres of De Grey Mining’s Mallina Gold Project, which contains 2.2Moz of gold resources hosted in multiple deposits plus the recently discovered and potentially very large Hemi gold deposit.
The Hemi discovery and the nearby Mt Berghaus and Cookes Hill gold deposits are all associated with the regionally extensive, northeast trending Berghaus Shear Zone as it crosscuts Mallina sediments and granite intrusions, demonstrating that substantial gold deposits can form with the confluence of granite intrusions into the Mallina sediments and the Berghaus Shear Zone.
Further along strike to the northeast from these deposits the Berghaus Shear Zone crosses through the south-eastern part of the Turner River project area for approximately 12 kilometres, crossing Mallina sediments, granite intrusions, and also the Louden Volcanics, making this area a high-priority exploration target.
The extensive sand cover, minimal historical exploration, proximity to De Grey’s strongly mineralised project area and gold deposits, favourable rock types and fertile structural setting all highlight the significant potential for Turner River to host substantial gold mineralisation.
Azure will undertake geophysical surveys and reconnaissance drilling within this unexplored project as soon as the tenements are granted.