Mark’s Rise Prospect
Overview
The Mark's Rise Prospect is located approximately 15km to the south of the Tregony Mineral Resource on EL32055 an area which separates EL9250 (Hyperion) to the south from EL31331 (Tregony) to the north. The area has been subject to limited exploration with no drilling targeting the generally north-south trending Suplejack Shear Zone (“SSZ”).
A preliminary interpretation of aeromagnetic and detailed gravity data indicates that the Mark’s Rise Prospect sits within a subtle magnetic anomaly that that is coincident with a regional gravity anomaly that trends NNW. These geophysical anomalies are within two regional NNW trending faults of the SSZ with a fold axialplane being interpreted between the two parallel faults.
The key features of this prospect are:
- Interpreted to be underlain by folded Tanami Group rocks
- Never drill tested
- Distinct fold axial plane defined by aeromagnetic data
Mark's Rise Exploration History
The last systematic exploration to occur over the project area was completed by AngloGold Ashanti (AGA) and Acacia Resources between 1995 – 2000, following up on work (soils, rock chip and limited post hole campaigns) completed by Messenger and Dominion Mining in the early 1990’s. AGA’s strategy involved a first phase of regional soils and/or shallow VAC holes, with anomalous areas quickly followed up by a second phase of shallow RAB drilling combined with several regional stratigraphic traverses. With this strategy they discovered the Tregony Deposit and identified the Boco, Thomas, PhD, Five Mile, Maly, Montegue Duck, and Trucks Prospects.
Critical analysis of soils indicates that the majority have been ineffective at screening areas that are covered by shallow Aeolian sand cover, drainage or Cambrian Plateau basalts. The shallow cover (Aeolian sand, paleo-drainage) has masked the underlying rocks, resulting in zero anomalism and thus have not been followed up with drilling. Historic drilling only followed up where soil samples returned anomalous results. Large areas of Suplejack North remain effectively untested via drilling (including Mark's Rise), despite the presence of favourable lithological units.
Mark's Rise Geology
Government geological mapping indicates that Antrium Plateau volcanics overlie the Tanami Group rocks at the north end of the EL. Gardiner sandstones are interpreted to lie to the west of the SSZ. The Mark’s Rise occurrence sits at the fold nose of the Tanami Group rocks.
Prodigy Gold intends to commence on-ground exploration within this area with a program of detailed geological mapping and rock chip sampling subject to the receipt of access approvals.
