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50 Independence Group NL
Regional Exploration
The Jaguar Project covers 50km of strike prospective for the discovery of Volcanogenic Massive Sulphides (VMS) deposits.
It encompasses three known high grade zinc-copper-silver-gold deposits: Teutonic Bore (inactive), Jaguar (mining recently
completed) and Bentley (in production).
During FY2015 exploration was focused on detailed evaluation of the Triumph Prospect and target generation at Daimler, as
well as the identification of potential hydrothermal signatures along the prospective contact in the less explored southern and
northern extremities of the project tenure.
Exploration during FY2015 has confirmed the discovery of a significant new VMS mineralised system at Triumph in the same
stratigraphic position as the other VMS deposits in the belt. Drilling has intersected Zn-Cu-Ag-Au mineralisation from a
vertical depth of 200m extending over a strike length of approximately 400m with a steep-dip and a shallow south-plunge.
Mineralisation forms a broad, thin, low to moderate grade envelope around a linear, elongate high grade core of variable
thickness (2-25m) and dip extent (40-80m). Mineralisation remains open both up-and down-plunge. Intercepts from within the
higher grade core include:
•
25.3m (true width) @ 13.0% Zn, 0.7% Cu, 128g/t Ag and 0.3g/t Au from 305.6m in hole 15TRDD010 including:
•
8.0m (true width) @ 14.8% Zn, 1.2% Cu, 150g/t Ag and 0.6g/t Au from 323.0m
•
10.4m (true width) @ 0.1% Zn, 3.0% Cu, 57g/t Ag and 0.2g/t Au from 335.0m.
•
7.4m (true width) @ 10.1% Zn, 0.1%Cu, 200g/t Ag and 0.4g/t Au from 376.4m in hole 15TRDD007
•
3m (true width) @ 9.6% Zn, 0.5%Cu, 147g/t Ag and 1.6g/t Au from 287.5m in hole 15TRDD006.
Ongoing drilling at Triumph aims to infill and test the immediate up-and down-plunge extents on an 80m x 40m spacing. It is
anticipated that this work will enable the estimation of an initial Inferred Resource in FY2016.
In late 2014, IGO commenced an internal review of all of the existing drill-holes and data from the Daimler prospect. This included
the re-logging and re-sampling of diamond and RC holes as well as re-interpretation and integration of all various data sets.
The outcome of this work was a new geological model that generated a new target area for massive sulphide mineralisation
at Daimler which included the definition of a basin present between the Daimler stringer mineralisation and the Teutonic Bore
deposit.
Target Zone
Base of weathering
Surface
4400mRL
4200mRL
4000mRL
3800mRL
3600mRL
62000mN
62200mN
62400mN
62600mN
62800mN
63000mN
61600mN
61800mN
4400mRL
4200mRL
4000mRL
3800mRL
3600mRL
14TRDD004
15TRDD006
6.0m @ 6.6% Zn, 0.4% Cu, 100 g/t Ag, 1.1 g/t Au
15TRDD008
15TRDD009
3.7m @ 13.5% Zn, 0.5% Cu, 29 g/t Ag
15TRDD012
15TRDD010
23.6m @ 13.0% Zn, 0.7% Cu, 128 g/t Ag, 0.3 g/t Au
3.3m @ 7.7% Zn, 1.2% Pb, 98 g/t Ag, 0.2 g/t Au
15TMDD004
15TMDD003
15TRDD007
6.9m @ 10.1% Zn, 0.1% Cu, 201 g/t Ag, 0.4 g/t Au
15TMDD006
5.4m @ 9.6% Zn, 0.2% Cu, 79g/t Ag
15TMDD007
15TMDD008
11.2m @ 11.7% Zn, 0.2% Cu, 134g/t Ag, 0.5g/t Au
JHDD0003
12.8m @ 7.4% Zn, 0.1% Cu, 49 g/t Ag, 0.4 g/t Au
14TRDD002
14TRDD006
2.1m @ 17.9% Zn, 0.1% Cu, 1363 g/t Ag, 2.2 g/t Au
14TRDD010
14TRDD007
15TMDD024
15TMDD022
15TMDD023
14TRDD008
12TRDD012
12TRDD006
+
+
+
14TRDD011
+
+
12TRDD011
+
14TRDD005
+
+
14TRDD012
+
14TRDD009
+
+
JHDD0003W3
14TRDD013
+
14TRDD003
+
+
+
JHDD0003W1
+
15TRDD011
+
15TMDD012
+
15TMDD005
15TRDD011
15TMDD001
15TRDD004
+
15TMDD016
+
15TMDD009
+
15TMDD013
12TRRC006
Open
Open
Note: Widths quoted are true width.
+
Massive Sulphide
Semi-Massive Sulphide
Stringer
No Significant Intercept
(
<2m & <2% Zn)
Significant Results
N
0
200m
Jaguar Mine Grid
Looking West
Pending Assays
15TMDD014
5.9m @ 6.6% Zn, 0.2% Cu, 81 g/t Ag, 0.5 g/t Au
15TMDD017
15TMDD018
15TMDD020
15TMDD019
15TMDD021
15TMDD015
15TMDD010
Figure 20: Jaguar Operation – Regional Exploration – Triumph Long Section
Note: See September 2015 Quarterly Report released to ASX on 29 October 2015