The Proterozoic Khorixas sedimentary basin, where K17 is located, represents an ideal setting for IOCG (Iron Oxide Copper Gold) deposit styles.
But what could these early signs mean for the project’s future?
Geologists describe IOCGs as a unique class of mineral deposits containing high levels of iron oxide minerals (haematite and/or magnetite), copper, gold, and sometimes uranium.
Often referred to as a “hidden gem,” these deposits have the potential to yield substantial returns and represent some of the most lucrative opportunities in the mineral exploration sector.
Globally recognized examples include Olympic Dam and Ernest Henry in Australia, the Candelaria deposit and many others in coastal Chile, and the Cristalino deposit in Carajás, Brazil. These deposits are significant sources of copper, gold, and other valuable minerals, highlighting the substantial economic and growth potential associated with IOCG mineral systems.
The presence of IOCG indicators in the Khorixas basin could signify substantial future value. As we advance exploration, the insights gained will help to identify high-potential drill targets and offer significant growth opportunities.
What’s Next:
Our studies have revealed promising early indicators, including the mineral assemblage, style of alteration, proximity to a major crustal conductor and the presence of a strong structural regime many times cited as very important for this type of deposit.
Great Quest is preparing to launch a drone-based Imaging and Magnetic survey, focusing on structural and magnetite mapping. This will be followed by a ground IP survey targeting sulphides. Our data-driven approach aims to arrive at drill targets and uncover the full potential of the area.
We’re excited about the potential of this project and look forward to seeing the results come to light!
– Great Quest Team