ASX:PLG

Magazine Pit Project

The Magazine Pit area is located in the southeast part of the tenement package. It is underlain by Magazine Schist (stratigraphically above the Cockatoo Formation). However, within the Magazine Schist there are haematite rich bands with quartzite. Previous explorers have examined the area (via completing 25 RC holes) for beneficiation grade iron ore (20-40% Fe). The company is planning to drill confirmatory holes in this area.

Southeast Island area for beneficiation purposes

  • In 2008 Portman drilled 25 vertical RC holes to test iron grade and mineralisation widths of haematite quartzite horizons within the fold axial plane Magazine schist area north of the main Seawall pit.
  • Beneficiation test work was conducted, and further work was recommended to define tonnages suitable for beneficiation and to conduct further test work on a wider range of representative samples. This work is the basis of Pearl Gull’s exploration target of between approximately 20 – 30Mt at between approximately 20% – 25% Fe. Again, Pearl Gull cautions that this exploration target is conceptual in nature, and it is uncertain if additional work would result in the estimation of a Mineral Resource.

Other Projects

Other projects you might want to see

Switch Pit

High grade haematite mineralisation can be observed on Pearl Gull’s Mining Lease, along strike from the historical Seawall mine in an area the Company has called Switch Pit. An exploration drilling program has commenced in this area.

Learn More

North Bay

Interpretative work undertaken by Pearl Gull Iron has identified the potential for high-grade structural repeats on the northern side of the island. An exploration drilling program has commenced in this area where historically there has been no exploration, despite high grade haematite sands being clearly visible on the beach.

Learn More