DRILLING DATA REVEALS NEW ENERGY AND MINERAL POTENTIAL IN THE NORTHERN TERRITORY

The South Nicholson area in the Northern Territory is set to become one of Australia’s most exciting exploration frontiers, following the first release of data from the MinEx CRC National Drilling Initiative (NDI) campaign.

The preliminary data is from a 1750 m deep drill hole, NDI Carrara 1, completed by MinEx CRC in collaboration with Geoscience Australia and the Northern Territory Geological Survey.  The drill hole is located approximately 230 km northwest of Mt Isa and 15km west of the NT/QLD border. The preliminary data release, officially announced by The Hon Keith Pitt MP, Minister for Resources, Water and Northern Australia at AGES 2021, includes core and chip photography, geological logs, pXRF geochemistry and wireline geophysics.

Preliminary findings from this drill hole indicate that the Carrara Sub-basin hosts rocks that may be equivalent to those that host the Mount Isa deposit, which is one of the largest lead, zinc and silver deposits in the world.  The drill hole also indicates the sediments are prospective for energy resources and show geological affinities with the Beetaloo Sub-basin, one of the most promising shale gas resources globally.

Read the official PR here: https://minexcrc.com.au/press-release-drilling-data-reveals-new-energy-and-mineral-potential-in-the-northern-territory/

Watch the official announcement from The Hon Keith Pitt MP here: https://www.youtube.com/watch?v=Ko2ErxFao4g