Chubasco Project
Chubasco Project
Queensland
The area was selected for its along-strike IOCG potential from Ernest Henry and Eloise, extending undercover to the southeast. Parts of EPM29115 have been explored and drilled by previous operators, revealing uneconomic IOCG mineralisation and associated alteration. Elsewhere in the permit area, coincident gravity and magnetic anomalies, aligned with clear seismic disruptions, highlight significant crustal melting and architecture that records both basin extension and inversion. This is an unexplored undercover frontier terrane that is currently being assessed.
Project Details
Location
Tenure located near the town of McKinlay, 110km SE of Cloncurry QLD
Ground Holding
840 km²
Resource authority: EPM29115, EPM29116, EPM29117
Commodity
Base Metals, Copper
Ownership
100% Longreach No.1 Pty Ltd (100% subsidiary of Longreach Mineral Exploration)
Project Status
2024
Targets have been generated based on multiple positive independent datasets, tenements application.
2025
Awaiting grant of exploration permits for on-ground assessment of identified targets.
Reprocessing of existing GA seismic lines combined with inversion of existing gravity and magnetic data has refined LME’s exploration model and key target areas