Highlights:
Early-stage Ionic Clay type REE and IOCG targets in
Intrusion-related Cu-Au targets in the
Large district scale tenements (granted and in application)
Strong technical team with a proven track record
Eversley is led by an experienced management and technical team. The company is advancing a copper, gold, and rare earth elements (REE) exploration portfolio in Tier 1 Australian mineral provinces. The portfolio consists of the
The Jupiter target is ~7km long ovoid felsic pluton with surrounding iron altered magnetic lithologies, including remnant magnetism. The depth to the basement is estimated at 75 to 150 metres. In 1984, BHP drill holes intersected basement schists above 100 metres depth with magnetite+/-chalcopyrite mineralisation.
The Ganymede target is an ~15x1km, NW-trending magnetic anomalous zone adjacent to Keswick Fault with interpreted Fe metasomatism. The depth to basement is estimated at 50 to 150 metres, (it is very rare to identify shallow IOCG targets in
In addition to the IOCG district scale potential is the Victory Ionic Clay REE prospect. Ground spectrometer surveying and regolith grab sampling by
The project comprises 346 square kilometres under application with intrusive-related copper gold targets in the under-explored Ashburton basin; a Proterozoic mobile belt enveloping the Pilbara Craton (Figure 3). Once tenements are granted the company plans to drill test several compelling co-incident gravity and magnetic anomalies associated with basin scale sounding structures.
The company continues to maintain three tenements in
'The entry on the Australian exploration scene via a strategic investment is a significant milestone for Norrland. The Eversley team have a track record of success and coupled with highly prospective projects in a tier 1 Australian mineral province, I am confident that this presents an excellent opportunity to create value for shareholders. I look forward to updating shareholders with exciting news as we progress.'
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed 'forward-looking statements.' Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither the
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