Junior miner looks north
Saturday, 26th May, 2012
By Erica Visser
A small mining company has plans to look for a northern extension of the Line of Lode in pursuit of a hidden ore body.
Following recent good results from drilling at its Allendale project, Silver City Minerals Ltd is turning its attention towards the Razorback West Prospect, 10km north-west of Perilya’s Potosi mine.
The company’s managing director, Chris Torrey, spoke about the potential of the project at this week’s Resources and Energy Symposium.
While it is early days for Razorback West, Mr Torrey said that there was a “real opportunity to get some very high grade silver”.
He said the location, which puts the project within close proximity of Perilya and CBH projects, was a huge bonus.
“Where does one look for elephants? One looks for elephants in elephant country,” Mr Torrey said.
A $150,000 drilling program began at the site a week ago and Mr Torrey told the BDT that it should be finished within a fortnight.
Results would be available within a couple of months, however a second round of drilling may be required.
“It’s an exciting project but we don’t know much about it,” he said.
“Previously we’d only done shallow drilling and there’s never been any deep drill holes.
“We’ve taken samples but we’ve just started drilling under that - 16 drill holes from anywhere from 100 to 120 metres deep to see if we can see what’s underneath.
“We’ll be finished in around two weeks and have the results back within six to eight weeks.”
According to Mr Torrey, 90 per cent of the project is under a thin cover.
“It has huge potential to offset the path of the Line of Lode. It’s the right geological setting, the right geophysical setting...and we know because of the geologist in the district, a big east-west fold, Stephens Creek Sheer Zone, occurs to the north of the Line of Lode,” he said.
But why has the potential ore body gone unnoticed for so long?
“That is a fabulous question. I suppose the district has been controlled by big companies and their expectations were for big deposits,” Mr Torrey said.
“We don’t need a huge Broken Hill ore body. The way we found Razorback West was we looked at data that was done in the seventies which suggested there might be something underneath.
“It’s a highly speculative thing but if it suddenly turns out we’re right it could be very exciting.
“If you could get another ore body just to the north, the place would go crazy but it’s just as likely not to.”