The Earaheedy Project covers 1,056km2 (619km2 granted) and is located approximately 200km northeast of Wiluna and 900km northeast of Perth. The Project is considered to have potential for channel iron deposits (CID) and/or detrital iron deposits (DID) concealed beneath thin Cainozoic cover.
Enterprise originally image processed and interpreted GSWA 400m line spaced airborne magnetic data identifying a series of major magnetic palaeochannels. These palaeochannels drain south from banded iron formations (BIF) of the Lee Steere Ranges located on the northern margin of the Proterozoic Earaheedy Basin. A detailed low level aeromagnetic survey completed in November 2011 confirmed the Company’s interpretation (Figure 1) and the potential for CID and/or DID, similar in setting and character to the Robe, Yandicoogina or Koodaideri deposits in the Hamersley Basin.
Figure 1: Earaheedy Project – Aeromagnetic Image Showing Channel Iron Targets
An RC drilling programme targeting eight of the magnetic palaeochannels has been designed. DMP drilling approval has been received, while heritage clearance is required prior to the commencement of drilling.