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I AGREE TO THE aboveThis Section provides a summary of the Balter Gold Project. Further technical information on the project and tenements can be obtained by subscribing to our mailing list or by contacting the Company direct.
The Balter Gold Project is located approximately 230km east south east of Carnarvon and 280km north west of Meekathara in the Gascoyne region of Western Australia (Yinggarda country). This region has an arid climate of hot dry summers with temperatures >40°C and mild winters that average 22°C. Mean annual rainfall is approximately 200mm. Access to the site by road from Carnarvon airport, taking 3 hours using gazetted roads and tracks through pastoral stations (11 hours from Perth by road). The Project is 30km south east along strike of the 510k ounce Glenburgh deposit.
Figure 1: Craton Margin Au Systems
Figure 2: Project Balter location in Gascoyne (Yinggarda country)
The Balter Gold Project consists of 2 granted exploration licences E09/2214 and E09/2344 in proximity to a number of current and historical mines, for a total of approximately 550km2 of highly prospective metamorphic grade, craton margin orogenic gold mineralisation. An advanced exploration program has been completed identifying an initial 34km x 2km gold enrichment zone. The exploration licences are held 100% by Midwest Minerals within a historically underexplored region.
Figure 3: Balter Project tenements and regional gold deposits
The project area overlaps the Determined Wjarri Yamatji #1 and Gnulli 2 Native Title Claims which are administered by the Yinggarda Aboriginal Corporation and their agent the Yamatji Marlpa Aboriginal Corporation. A Heritage Agreement between the Yinggarda Aboriginal Corporation and Midwest Minerals has been entered into for E09/2344, with work underway towards finalising a Heritage Agreement for E09/2214. In the interim, for any exploration work carried out on E09/2214, the relevant laws and regulations of Western Australia have been relied on by the Company for guiding principles.
The project exploration licence tenements are contained within the Carrandibby Inlier, an isolated raft of Glenburgh Terrane rocks surrounded by Phanerozoic lithologies of the Carnarvon Basin. The Glenburgh Terrane forms part of the southern Gascoyne Province that is part of the Capricorn Orogeny. The Capricorn Orogeny records a two-stage collision of the Glenburgh Terrane with the Pilbara and Yilgarn Cratons, which, combined, form the West Australian Craton. It is thought that the Glenburgh Terrane forms the basement within the southern half of the Gascoyne Province. Subsequent to the Glenburgh Terrane–Pilbara Craton amalgamation, collision of the Glenburgh Terrane with the Yilgarn Craton occurred 1965-1950 Ma. The Glenburgh deposit and the Balter Project both occur in close proximity to the craton margin suture zone between the Glenburgh Terrane and the Yilgarn Craton.
Figure 4: Geology of the Capricorn Orogeny: a) location; b) geochronology; c) surface geology of the Capricorn Orogeny; d) cross section of the Glenburgh Terrane
Figure 5: Geology of the Balter Project at 1:250,000 scale mapping; the Carrandibby Inlier occurs as a raft of Archean Glenburgh Terrane rocks surrounded by Permian sedimentary lithologies of the South Carnarvon Basin
Interpretation by Midwest Minerals of geological, geochemical, and geophysical data — coupled with review of mineralisation characteristics of the neighbouring Glenburgh deposit — has resulted in definition of a large target zone at Project Balter that is 34km long by 2km wide, considered prospective for large, high-grade Au lodes for the following reasons:
Subsequent exploration undertaken has included detailed airborne magnetic-radiometric surveying, extensive soil sampling, and reconnaissance rock chip sampling indicating a large Au geochemical footprint at Balter across the target trend zone, with peak rock chips of 19.7g/t, 18.1g/t and 9.79g/t Au. Results to date indicate that additional exploration at the Balter Project is highly warranted, encouraging the current exploration program.
Figure 6. Rock Chip samples support our airborne magnetic-radiometric surveying and extensive soil sampling program
