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Power Resources Limited (PWW)
is a publicly listed company on the Australian Securities Exchange (ASX).
About Power Resources Limited
Three new projects were acquired during the second half of 2011 to provide Power Resources with a Western Australian focus. The portfolio comprises ground prospective for a number of different commodities:
- The Menzies Lakes project is prospective for calcrete-hosted uranium mineralisation.
- The Linden (Good Hope) project is prospective for gold mineralisation and covers historical workings.
- The Pelt Well project in the north is prospective for a number of commodities, principally gold, tin and tantalum.
Menzies Lakes Uranium
The Mezies Lakes Uranium Project is located to the northeast of the town of Menzies, in the Eastern Goldfields of Western Australia. One exploration licence application (E 29/825) covers more than 200 km2.
The lease area focuses on a 16 km length of palaeochannel linking the eastern end of Lake Ballard to the northern end of Lake Marmion.
The Menzies Lakes Uranium Project is highly prospective for calcrete-hosted uranium mineralisation. In particular, playa lake styles of mineralisation as found at Mega Uranium's Lake Maitland project, and channel calcrete styles, such as the mineralisation at BHP's Yeelirrie deposit, are the main targets.
A literature review shows limited exploration for uranium, with no exploration in recent times. Earlier efforts identified localised strong uranium anomalism, but this sampling was not comprehensive, with many areas left unexplored.
A reconnaissance visit was undertaken during the December quarter to develop an exploration programme over the licence area. Geologically, the presence of outcropping calcrete deposits (Figure 3) and of uranium-bearing granites highlights that two of the key ingredients for Yeelirrie-style calcrete-hosted uranium mineralisation are present at Menzies Lakes.
The Linden Gold
The Linden (Good Hope) project area is highly prospective for mesothermal gold mineralisation. Historic workings highlight mineralised outcrops and through-going shear zones, showing suitable host rocks for gold in an area already favourable for the development of such deposits.
Linden (Good Hope) is contained by tenement Prospecting Licence 39/5062. It is located in the Linden mining district some 120 km southeast of the town of Leonora in the Eastern Goldfields region of Western Australia.
The Pelt Well Gold
The Pelt Well prospect has significant potential for shear hosted gold mineralisation and pegmatite-hosted tin/tantalum mineralisation. A focused exploration programme will quickly determine whether significant mineralisation has developed within the project area.
The Pelt Well Project is located approximately 250 km east-northeast of the town of Carnarvon in Western Australia. The Project is contained by Exploration Licence E 09/1616.
Initial exploration programmes on both the Linden (Good Hope) and Pelt Well licences will involve documenting in detail the local geology and distribution of mineralisation throughout each licence area. This will include:
- Detailed geological mapping
- Rock chip sampling and assays
At Menzies Lakes, initial exploration will involve heritage surveys, compilation of a GIS database and analysis of historical exploration data, and ground reconnaissance and sampling.
These programmes are expected to fully assess the potential of each project area. If successful they will generate a series of drill targets that will be the focus of further, more detailed exploration.
Power Resources Limited
8 Parliament Place
West Perth, WA
+61 8 9481 7833
Fax: +61 8 9481 7835
The General Overview, Services, Products and Projects information for this profile was last edited on 05 Jun 2015.