Projects

Billa Kalina (EL) and North Titan (ELA)

Billa Kalina (EL) and North Titan (ELA)

Tenements located in between Prominent Hill and Olympic Dam. High priority targets identified for near term drilling.
  • Located on an arc between Olympic Dam and Prominent Hill, and in apparent structural connectivity to both areas
  • Regional plumbing system proven to be conducive for the formation of giant deposits
  • Main target cluster focussed on an area of enhanced structural complexity supported by anomalous gravity responses
Billa Kalina – Further Detail

Two high priority drilling targets, interpreted to be as shallow as 150m below surface.

Overview and Highlights

  • Associated mineralisation may be gold-rich due to alteration style and dyke occurrences
  • Multiple pipe-like targets located within the magnetic alteration halo of an interpreted non-magnetic dyke complex in a dilationary structural setting
  • Not a precise Olympic Dam analogue but an apparent alteration system ~20km2 in scale

Next Steps and Drilling

  • Two priority drill targets have been selected (Targets 3 and 5) and are interpreted to be as shallow as 150 metres sub-surface (based on interpretation of magnetic data)
  • 2 drill holes planned approximately 1.2km apart. Plan to drill to a depth of ~400m subject to conditions encountered
  • Proof of concept drilling planned for September 2021
  • Approvals (DEM, Heritage, Defence) in place

Ruby Hill

Ruby Hill

Multiple priority targets generated from initial scans, with further work to be undertaken on nearby tenements.

Overview and Highlights

  • 2 EL’s subject to detailed scans, with a significant number of priority targets generated
  • Relatively shallow cover
  • No CUS drilling to date
  • Anomalous surface geochemistry (Cu, Au, U) in western sector (interpreted fault leakage into basal Adelaidean cover sequence)
  • Several tenements have yet to receive detailed scan
Ruby Hill – Douglas Creek Target

Pipe-like body identified at a depth of around 300m below surface.

  • Mapped surface expression of high priority pipe-like body as viewed in magnetic susceptibility heatmap
  • Red = strong magnetite
  • Note that yellow to orange (lower magnetic peripheral features) appear to highlight faults of variable orientations
  • Upper surface of target pipe is approximately 300 metres below surface
  • Local copper-gold geochemical anomalies interpreted as possible up-structure leakage into younger (Adelaidean) cover rocks
  • CUS awarded an Accelerated Discovery Initiative (ADI) grant for Douglas Creek Target by the South Australian Government.
  • Heritage clearance survey completed for Douglas Creek Target

Peake and Denison

Peake and Denison

Principal target is interpreted to be analogous to Ernest Henry and ranks highly in CUS’s selection methodology.

  • Located at the northern end of the Peake and Denison Ranges, consisting in part of outcropping Paleoproterozoic rocks showing widespread copper occurrences
  • A number of targets identified by recent 3D scans which rank very highly using CUS protocols
  • The majority of targets are located east of the Mt Dutton Fault in area of relatively shallow Mesozoic and possible Permian cover
  • Target 1 is interpreted to be an Ernest Henry-type analogue, and ranks very highly using CUS methodology
  • Priority Targets 14, 16, and 17 are located west of the Mt Dutton Fault, and also rank highly
  • Historic rock chip samples collected from T14 and Copper Top West area show significant copper assays
  • CUS has confirmed outcropping copper mineralisation at intervals along the Mt Dutton Fault (see below).
Outcropping copper mineralisation Peake and Denison Project

Composite pipe-like body identified, which is estimated to be approximately 350m below surface.

  • Peake and Denison area shows regional scale alteration similar to other IOCG provinces such as the Stuart Shelf and Cloncurry district.
  • Local copper gold geochemical anomalism seen in rock chip and drill holes seen as good support for working IOCG systems in the northern Peake and Denison area
  • Target 1 is a large composite magnetic pipe-like body extending to +3 km depth
  • Upper surface of target pipe is approximately 350 metres below surface
  • Target 1 is interpreted to be analogous to Ernest Henry style of deposit (magnetite dominant pipe-like IOCG)
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