Overview
The Milo Project is located within the prolific Mt Isa region of Queensland, Australia. The project area is dominated by a major regional structure; the long-lived, deep-seated Cloncurry Flexure.
The Milo deposit is a large Iron-Oxide-Copper-Gold breccia style system where base and precious metal mineralization occurs as moderate to steeply north-east dipping sulfide rich breccia zones which are enclosed by a zone of REE enrichment forming a halo to the base metal mineralization.
Milo hosts multiple targets for Cu and Cu-Au mineralization with very limited shallow drilling to date. Drilling that has been completed suggests that the zone of copper-rich polymetallic mineralization remains open – both to the north and south. There is evidence that stronger mineralization is plunging to the north providing confidence that there is potential to expand the deposit.
Multiple prospects are identified in the royalty area around the Milo deposit including Milo North, Milo Western Gossan and Milo South. These prospects represent significant geochemical and geophysical anomalies identified by former operator GBM Resources but only Milo Western Gossan has been drill tested, returning high grade, narrow Cu-Au intersections in 5 of 6 drill holes.
Cornerstone assets
