Page 184 - NEWGEN21-Proceedings-Full

The Cayley Lode Discovery – Exploration History

Early Exploration

● Stream sediment copper anomalies identified by WMC in

1970’s

● 1975-1982 - Discovered as a copper prospect by Pennzoil

following up the stream sediment anomaly and finds small

pile of malachite-stained gossanous float in farmers

paddock assaying 2.9% Cu – Thursday’s Gossan

● Did geology mapping, soil surveys, RAB drilling, regional

IP, aeromagnetics, ground magnetics, 15 x diamond drill

holes – all <180m depth

● Intersected secondary chalcocite in massive pyrite in a

fault zone

● Interpreted as ‘hydrothermal, probably emanating from

an intrusive quartz feldspar porphyry’
Stavely Minerals geologists Hamish Forgan and Stephen Johnson with
large float boulders of Thursday’s Gossan

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