North Woodlawn Joint Venture
EL 5812, earning 60% interest

Potential

The North Woodlawn Joint Venture has the potential to provide a significant discovery. The Collector-Glen Prospects within the joint venture area represent a large hydrothermal system which has lithological and structural features similar to the Woodlawn deposit.

The tenement is contiguous with Tri Origin’s tenement holding (EL 6493), with any mineralisation defined in this area potentially treatable at Woodlawn.

Expanding Tri Origin’s base metal exploration holdings, the joint venture gives the Company an opportunity to earn from Universal Resources Ltd a 60% interest in EL 5812 by spending $500,000 over a five-year period.

Importantly:

  • The licence area has not been explored for deep buried (blind) deposits with modern day electromagnetic methods;
  • There are several areas underlain by the prospective De Drack Formation and Woodlawn Volcanics that are underexplored; and
  • Discrete “bulls eye” magnetic anomalies situated in local prospective geological-structural settings (Collector East and Woodbrook) warrant further investigation.

Location

Fifteen kilometres north of the Woodlawn mining lease, SML20.

Status

Drill testing in the 1990s of the Collector-Glen Prospects returned encouraging results:

  • CD002: 109.0m @ 1.8% Zn from 83.2 metres (including 6.8m @ 9.45% Zn from 89.2m)
  • CD003: 81.8m @ 1.2% Zn from 93.7m (including 4.3m @ 4.43% from 103.1m and 4.6m @ 5.32% Zn from 138.4m).

Based on the geometry of the intercepts and the drill hole locations, the estimated true thickness of the mineralised zone is 40-50m.

The Company is currently seeking land access to this area to continue exploration activities with further drilling a priority.


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