Myrtle Zinc Project, Australia

Project Description

The Myrtle zinc-lead deposit is located 17km south of the McArthur River (HYC) zinc-lead mine in the Northern Territory. It is a sedimentary hosted (SEDEX) zinc-lead deposit, where an Inferred Mineral Resource of 37 million tonnes grading 4.2% Zn and 1% Pb has been delineated. A higher grade core of 8.2 million tonnes grading 6.4% Zn and 1.9% Pb is also present.

• Stratiform mineralisation (hosted by the HYC Pyritic Shale Member of the Barney Creek Formation), eg. the HYC deposit, and the W-Fold, Emu Plains, Berjaya, Mitchell Yard, Myrtle and Barney Creek prospects.

• Stratabound mineralisation (epigenetic breccia and open space infill within dolostones, with MVT affinities), eg. the Cooley I, II, III, Ridge I, II, Cooks, Cox, Squib, Turnbull, and Reward deposits, and the Bald Hills, Barneys, and Buffalo Lagoon prospects.

Myrtle Zinc Project Location

Being located adjacent to the McArthur River mine means that infrastructure installed for that operation (e.g. bitumen roads, gas pipeline, bitumen airstrip) will be able to be shared with Myrtle. Access to the concentrate ship loader at the Bong Bong port is also a possibility.