Green Critical Minerals Ltd ('GCM' or 'the Company') which holds a 100% interest in its Boulia copper gold molybdenum project ('Boulia Project') is pleased to provide an update on its recent and proposed exploration activities.
Project Permits and Location
The Boulia project located 200 km south of Mount Isa in northwest Queensland, comprises two granted exploration permits and three submitted applications, see Error! Reference source not found., covering a total area of 1,597km2 . The Boulia region has recently become an area of exploration interest for copper, gold and base metals, with large projects being undertaken by Anglo American, Sandfire, Rio Tinto, and a Plutonic - Lion Selection joint venture. The Anglo American block of tenements lies immediately to the east of the Green Critical Minerals exploration project. The Sandfire, Rio, and Plutonic Lion Selection projects straddle the Queensland - Northern Territory border 120 km to the west.
Boulia Exploration Potential
The Boulia region, extending northwards towards the renowned Mount Isa-Cloncurry mineral belt, hosts widespread low-grade copper, lead, and zinc mineralization associated with vein and breccia systems controlled by fault structures. These structures have also contributed to the formation of epithermal veining and brecciation in the overlying Eromanga Basin sediments. GCM's interpretation suggests that the widespread mineralization and veining observed in the area may be driven by porphyry intrusions, manifested as unexplained shallow magnetic bodies within the project area. This interpretation has gained significant support from the Geoscience Australia Heavy Mineral Survey, which identified the regional maximum values of high-grade copper sulphide minerals chalcocite and bornite, as well as the aluminum sulphate mineral alunite, in a sample collected from the Hamilton River running through the project area. The chalcocite-alunite association is a strong indicator of the upper portions of porphyry copper deposits, further reinforcing GCM's exploration model. Additionally, a nearby sample site revealed enrichment in skarn minerals such as diopside, garnet, and wollastonite, lending credence to the potential presence of skarns under the alluvial cove
Competent Person Statement
The information in this release that relates to exploration results is based on information compiled by Mr Neil Wilkins M.Sc. Exploration and Mining Geology, who is a Member of The Australian Institute of Geoscientists. Mr Wilkins is employed by Ascry Pty Ltd, which provides consultancy services to GCM. Mr Wilkins has previously worked in the Boulia Project area and has more than five years' experience which is relevant to the styles of mineralisation and types of deposit mentioned in this report and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves' (the JORC Code). This public report is issued with the prior written consent of the Competent Person as to the form and context in which it appears. Mr Wilkins holds shares in Green Critical Minerals Limited.
Forward Looking Statements
Statements contained in this release, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Green Critical Minerals Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.
Contact:
Email: enquiry@gcminerals.com.au
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