Bolt Cutter Gold Project
The Company has a dominant 446km2 land position with two 100% owned granted tenements (E45/5623 and E45/5612) and six 100% owned applications (E45/6201, E45/6202, E45/6302, E45/6303, E45/6304 & E45/6204) prospective for lithium and gold in the Mallina Province, Pilbara, WA. The recent discovery of the Hemi gold deposit by De Grey Mining Ltd (ASX:DEG) has uncovered a major new gold system. The Company is one of the few ASX junior mining companies to have a landholding that straddles the Berghaus Shear, this structure likely had an influence on the Hemi Deposit formation. The Company also has prospective tenements proximal to the Sisters Suite Granites, thought to be a source for lithium-caesium-tantalum (LCT) type pegmatites, and has identified large lithium soil anomalies along trend from the giant Pilgangoora and Wodgina lithium deposits.
Lithium deposits such as Pilgangoora and Wodgina typically occur within 10km of Sisters Suite Granites and form in highly fractionated LCT pegmatites, thought to be sourced from the granites. The LCT pegmatites postdate the major deformation in the district and appear to exploit structural weaknesses in the crust. Wildcat’s tenements are proximal to Sisters Suite Granites and contain structures and lithium anomalies with potential to be associated with LCT pegmatites.
Gold occurrences in the region are commonly sediment- or intrusion hosted and associated with anticlinal axes, particularly where they intersect major fault or shear structures. The highly prospective Berghaus Shear trends in a north-easterly direction and looks to have provided fluids for the formation of the Hemi Deposit. In addition to the Berghaus Shear, anticlinal axes trend in a parallel orientation with multiple splays off the Berghaus Shear intersecting the anticlinal axis providing areas of interest. Similar settings may be replicated in the Wildcat tenement package.
The Berghaus shear zone is comprised of a suite of parallel shears and contains the Mt Berghaus deposit and the smaller Cookes Hill gold deposit held by De Grey Mining. There has been minimal previous exploration within Wildcat’s tenure along what has been demonstrated as a fertile structure.
Transported cover occurs over much of the Bolt Cutter tenure and hindered earlier explorers, with conventional surface sampling techniques not suitable for exploration. Wildcat plans to utilise geophysical interpretation to test defined prospective zones with targeted aircore drilling.