WARROO GOLD COPPER PROJECT

The Warroo gold and copper field lies within the Traprock Region of southeast Queensland. Mining at the former Warroo Mine commenced in 1906 and continued intermittently until 1992 with a total production of 239,873 tonnes recovering 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.

Traprock expects to have amine lease application on the Warroo site by October 2017.

 

 

 The Warroo gold and copper field lies within the Traprock Region of southeast Queensland. Mining at the former Warroo Mine commenced in 1906 and continued intermittently until 1992 with a total production of 239,873 tonnes recovering 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.

 The historic Warroo gold mine, along with other workings in the area, are situated in a strong NW-SE structural corridor, hosted in the sedimentary Carboniferous Texas Beds forming a part of the New England Fold Belt. Within these structures later Permian sediments have been rifted and subsequently mineralised (see Independent Geologist’s Report). Buried intrusives, the potential source rocks for the widespread gold and copper mineralisation, are postulated from existing geophysical and radiometric surveys. The highly prospective nature of the Warroo Project has been recognised by miners and explorers alike, but has only been partially tested over the 20 km zone containing the known mines and prospects. Traprock estimates that only 20% of the area has been explored and then mainly only to shallow depths.

Exploration has been mainly carried out in and around the vicinity of the historic Warroo gold mine – Commodore copper mine corridor, within a 2 km radius.

The exploration opportunities and targets that present themselves to Traprock are:

 1. The gold sulphide primary zone extensions below the current Warroo open-cut within the ”flatmake” imbricated structures which were mined for the oxide gold above the sulphide zone. This gold bearing sulphide primary zone could be far more extensive in size, than the past oxide production tonnages.

 2. Both the drilling by Duval Mining Australia Ltd and Valdora Minerals Ltd established gold mineralisation in numerous drillholes in the sulphide zone below the later mined Warroo open pit. The best intersection was 8 metres at a grade of 13.46 g/t gold in reverse circulation drillhole PH16 at a depth of 20 metres below the pre mined surface. The gold rich sulphide zone is a drill ready target in the pit area.

 3. Surface rock chip sampling by Oxiana Exploration Pty Ltd (2006) at Ti-Tree Ridge Prospect, 2 km SW of the historic Warroo Gold Mine open pit recovered assays up to 10.9g/t gold along the crest of an 800 metre long highly silicified altered brecciated rock outcrop. The outcrop displays affinities to an epithermal quartz style, and represents a drill ready target.

 4. The potassic alteration zones, which arc around the central Mount Bullaganang Granite and east-west faulting in the area, have potential for sheeted veins and mineralisation within the granite.

 5. The Angus Valley-Ashton copper gold zone is a 5 x 2 km outcrop of highly ferruginised and brecciated Carboniferous sediments, with areas of mineralised rifted Permian sediments, in proximity to postulated buried intrusives.

 6. Further geochemical soil sampling and geophysical surveys are expected to produce many more drill targets in this under explored mineralised belt.

Plan of operations

Traprock will conduct a detailed structural analysis of the Warroo mine along with a study of the drilling and geophysics that have been conducted to date by previous explorers. This will aid in the interpretation of the geology of the whole area as the open-pit provides a fantastic window into the mineralising structures of the area. Following this assessment, drilling will most likely take place in and around the Warroo mine along with drilling of the Ti-Tree Ridge Prospect gold target immediately to the southwest of the mine.

Sequentially, Traprock will continue to explore the greater project area, with geological field mapping and geochemical and geophysical surveys to delineate drill targets. The Company believes the area has the potential to host large gold copper deposits.