1. Commence feasibility studies to develop the Mount Chalmers Project.
2. Commence scoping studies on the Warroo Project.
3. Continue to build a significant mineral resource base at the Herries Range Project.
4. Progress the Kabunga Project, which has started to exhibit mineralisation, toward potential delineation drilling.
It is the intention of Traprock to take the more advanced prospects through to mining, with the aim of building the Company, through organic growth.
Traprock has quality prospects in the current project portfolio, in which to develop and expand resources, in near and medium term.
The Company now has a very prospective number of exciting projects, including a flagship Volcanic Hosted Massive Sulphides (VHMS) project which has large promise to expand historic resources and sedimentary gold projects which have multiple developed gold targets. The projects have good infrastructure and proximity to population centres of coastal central and south east Queensland, as was planned by the Company. The Company’s resulting project portfolio is displayed below:
The Warroo gold and copper field lies within the Traprock Region of southeast Queensland. Open pit mining in the 1980's recovered 13,982 ounces gold, 21 tonnes copper and 901 ounces silver. Latter day mining was by open cut and processed only the oxide ores above the 40 metre level. There are numerous gold and copper mines and prospects within the project area which need to be followed up and the Company believes that the chemistry, alteration, structural components and prospective geology are characteristic of major potential for large porphyry or intrusion related gold copper mineralisation. You can read more on the Warroo Copper Gold Project Here
The Company's flagship Mount Chalmers Project offers high potential for establishing new gold and copper mines. The main prospect is the historical Mount Chalmers mine which still hosts substantial mineralization, referred to in more detail Here, In addition, there are a number of partially drilled prospects whose geological and mineral characteristics are similar to those of the nearby Mount Chalmers mine. These prospects, including the known resource at Woods Shaft, require further drilling. More information can be found here on the Mount Chalmers Gold Copper Project
This project covers 600sq km within the Traprock Region of south east Queensland. The Company chose the Herries Range area due to the characteristic style of gold mineralisation, rock types and structural framework which had a marked similarity to the central Asian large gold deposits, Australia’s Fosterville Gold Mine and New Zealand’s Reefton Goldfield. The project contains a number known gold fields and is an area that is seriously under explored with only five previous shallow dill holes targeting gold mineralisation within the tenement. Read More About the Herries Range Project Here