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NT Resources has established a portfolio of 100% owned Tenements covering approximately 2,340 square kilometres in the Pine Creek Geosyncline region and the Georgina-Atjawarra region of the Northern Territory.
The two distinct project areas are referred to as the Frazer Project and the Ooratippra Project respectively. The Fraser Project area contains both uranium and gold sub-areas within the Tenement boundaries.
A 2008 review of existing historical exploration data and interpretation of airborne magnetic and radiometric data on the Tenements has highlight several high priority targets for uranium, gold and base metals.
Location & History
The Tenements that make up the Frazer Project are located approximately 60km southeast of Darwin in the Pine Creek Geosyncline area of the Northern Territory. The Tenements are located adjacent to the Stuart Highway and are accessed via well established rural roads and tracks.
The Frazer Project uranium prospect was discovered by airborne radiometrics in 1952. It has been established that the Frazer project falls within the Rum Jungle Uranium Field which has produced over one million tonnes of uranium ore (which generated over 4,000 tonnes of U3O8) from mining in the 1950’s and 1960’s.
The Pine Creek Geosyncline area, within which the Frazer project is located, includes nearly half the known gold occurrences of the Northern Territory and has produced to the end of 1998 total gold of 115.4 tonnes. Gold was first discovered in 1865 in the region. Almost all of the gold occurrences are located within a portion of the Pine Creek Geosyncline that stretches approximately 100km wide northwest trending belt between Katherine and Darwin in which the Frazer Project is located.
The Tenements that make up the Ooratippra Project are located approximately 300km northeast of Alice Springs in the Northern Territory. The Tenements are located adjacent to the Sandover Highway and are accessed via graded bore water service tracks.
The Ooratippra project area has had some exploratory drilling in the 1970’s which has indicated the presence of lead, zinc, iron and manganese but failed to identify mineralisation worthy of follow up exploration. There was also further exploration in the 1980’s that provided evidence of diamonds
Opportunity
The geology of the project areas supports a variety of mineralisation, as shown through the background information of NT Resources and other exploration success in nearby areas as well as the establishment of previous large scale uranium and gold mining operations in the area.
The Company has prepared a comprehensive two year geophysical and geochemical exploration and evaluation programme for its existing Tenement areas. The programme proposed for the second year is dependent upon results obtained within the first year and will be refined and varied based on those results.
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