Fraser Range

(Sirius 70%)

The Fraser Range JV covers over 150 kilometres strike extent of the Albany-Fraser mobile belt on the south-east margin of the Yilgarn Craton, south of Anglogold's/Independence's Tropicana gold discovery. The project contains two distinct geological belts, each prospective for different commodities. The southeaster belt comprises mafic - ultramafic intrusive rocks of the Fraser Complex and is considered prospective for the rare but potentially giant intrusive-style Ni-Cu-PGM deposits that are found within circum-cratonic mobile belts worldwide. The northwestern belt is the continuation of the Tropicana belt - host to Anglogold Ashanti's 5 million ounce Tropicana-Havana gold mine, and is prospective for Proterozoic gold mineralisation.

The project is a joint venture with prospector Mark Creasy. Sirius has a 70% interest with Mark Creasy retaining a 30% free carried interest to the completion of a bankable feasibility study.

Sirius has defined oxide-zone nickel-copper-cobalt mineralisation at the Gnama South prospect and has recently intersected gold mineralisation in several holes during its first pass reconnaissance drilling program of the 10km long Brookman gold anomaly.

A 200 hole follow up drilling program commenced in early April 2011 at the Brookman anomaly.

Additionally, recent geochemical sampling has defined a large (2km long) coincident nickel-copper anomaly over an eye-shaped magnetic feature thought to be a previously unknown domal structure or layered intrusion containing nickel-prospective ultramafic rocks.

Fraser Range Project Location Plan Link to enlargement (168 kb PDF)

Fraser Range Project Tenements Over GSWA 500k Geology Link to enlargement (231 kb PDF)

Fraser Range Project Magnetics Link to enlargement (320 kb PDF)