Kenex Ltd has developed a prospectivity model for Iron Oxide-Copper-Gold (IOCG) mineralisation in the Eastern Succession of the Mt Isa Inlier. This model uses weights of evidence techniques to assess geological, geochemical and geophysical spatially related data against the most up to date IOCG mineral system model with the aim of identifying and prioritising areas likely to contain significant gold or copper mineralisation.
A set of targets have been created from the highly prospective areas highlighted by the model.
For companies looking to focus their exploration dollar in the areas most likely to host exploration success, these targets are of high priority and many are suitable for follow up exploration at the drill targeting stage. The targets cover already known prospects as well as identifying potential new areas for exploration. After developing the exploration targets, Kenex has gone one step further, analysing each in relation to the model parameters and the past and present exploration history over all the target areas in the Eastern Succession.
The target review provides a comprehensive assessment of the IOCG mineral potential of the Mt Isa region and would provide a competitive advantage for companies who already hold ground in the area or who are looking to acquire new ground.