Throssell

The Throssell project is 100% owned by Richmond. Korab Resources Limited, a company listed on ASX joint ventured
into the project area in 2005 and is currently earning a 50% interest. The Throssell project is held by two granted tenements and four tenement applications. The exploration area lies at the northeast margin of the Yilgarn Craton and is located 420km northeast of Kalgoorlie.

The project area has limited outcrop and is largely covered by lake sediments or Recent alluvium. The superficial sediments in turn overlie sediments of the Officer Basin. The Throssell tenements cover an area of anomalous magnetics and gravity. A number of these anomalous zones are co-incident and it is conjectured that this may mark Archaean greenstone lithologies or possible mineralisation within Proterozoic sediments. Limited historic drilling indicates that the overlying Officer Basin sediments could be less than 100 metres thick through much of the Throssell project area. This makes these geophysical targets an attractive and economic exploration proposition.

There has been minimal historic exploration work completed within the project area because of the belief that it is covered by thick basin sediments and that it overlies unprospective granitic terrain.

Some evidence however, suggests that these sediments may be much thinner than first thought and the coincident magnetic and gravity anomalies therefore represent drillable targets Potential geophysical parallels with deep targets being tested by explorers in the Gawler Craton and adjacent to the Albany-Fraser mobile belt, provide additional credence to the exploration model at Throssell.

Lake Throssell is a significant drainage as well as depositional system. The lake system within the tenements area alone covers around 75 kms and drains a significant area of granitic terrain. Past reconnaissance has identified possible uranium minerals with this lake system. An exploration programme to confirm this mineralogy and to seek sites where mineralisation may have been accumulated along the lake edges and within sites marked by constrictions or changes of trend within the lake channel, will be investigated.

Primary target areas at Throssel

Project/Location map