Capricorn JV
The project is located in the Ashburton Basin, WA. The primary targets are gold and base metal mineralisation within a sequence of Proterozoic sediments.
The Project is held by a 50:50 joint venture between Resource Mining Corporation (ASX:RMI) and Ashburton Minerals Ltd (ASX:ATN).
The Capricorn Project covers 680 square kilometres of tenure of a largely under explored Proterozoic Ashburton Basin in WA’s North West. The project lies within the Ashburton basin, covering the Lower Proterozoic sediments of the Capricorn and Ashburton Formations. The region is prospective for gold and base metal mineralisation.
The tenements cover a number of historical stream sediment anomalies with elevated Gold (Au), Copper (Cu), Lead (Pb) and Zinc (Zn) geochemistry that have yet to be systematically followed up by modern exploration techniques.
