The Mt Carmel exploration application (EPM 27991) covers 118 km2 of a highly anomalous magnetic feature in a structural position within the Drummond Basin of North Queensland. The magnetic anomaly is located approximately 20 km north of the Mt Coolon gold mine owned by GBM Resources and is 12km south of the Wirralie deposit (see Figure 1). Mt Carmel is located approximately 3km northeast of Boadicea’s Clarke Reward prospect.
Figure 1 Regional BOA Tenement Location
The Mt Carmel application is based on a rimmed anomaly identified in the publicly available geophysical data that was recently reprocessed and interpreted.
No drilling within the tenement boundary has been identified.
Figure 2 Regional Magnetics (Analytical Signal)
Upon granting of the licence BOA will initially assess historical exploration data for the region. Additional exploration activities will be focussed on testing for epithermal style gold mineralisation.