Figure 1: Gorge Creek location plan

(Information updated 20 Nov 2019)

The Gorge Creek Project is in the highly prospective Mt Isa inlier and Carpentaria Province, host to a number of Tier 1 base metals mines (Figure 1). Traka entered into an agreement with Cobalt Qld Pty Ltd on the 22 November 2017 to earn 51% equity in the project by expenditure of $1 million over 3 years. On 4 September 2019 the JV venture terms were modified resulting in consolidation of Traka’s holding to 100%.

Gorge Creek Project

Traka completed a Reverse Circulation (RC) drilling program comprising 22 holes for 2,682 metres on its tenements in July 2019. A number of encouraging drill intersections on the MVT and stratabound targets were highlighted. Additional drilling and new work programs have been planned for follow-up in the 2020 field season. 

Figure 2: Regional plan showing Gorge Creek Project targets currently identified

The Gorge Creek project is prospective for Cu, Co, Pb, Zn and Ag mineralisation within carbonate hosted Mississippi Valley Type (MVT) targets on the regional scale Fish River Fault Zone (FRFZ) and large strata bound targets within the Mt Les Siltstone sedimentary unit of the South Nicholson Basin (Figure 2).

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