Petratherm limited is an ASX Listed mineral exploration Company with an exploration focus on Olympic Dam Style Iron-Oxide Copper-Gold (IOCG) and high-grade gold on the Gawler Craton of South Australia. The Company holds a significant IOCG prospective ground position at two project sites, Mabel Creek and Woomera. At Mabel Creek first pass drilling identified two areas showing extensive IOCG style hydrothermal alteration.
The Company’s newly acquired Woomera Project is highly prospective for IOCG mineralisation and is close to Coda Mineral’s recent Emmie Bluff Deeps IOCG discovery. Gravity modelling work has defined several high priority IOCG drill targets which the Company is focused drill testing during the 2022 calendar period.
The Comet Gold Project, totalling 1,190km2, contains prospective Archean strata of the Northern Gawler Craton which hosts numerous gold occurrences such as the Challenger gold deposit (1.1 Moz @ 5.1g/t) and is located 30 kilometres east from the recent high-grade Aurora Tank Gold discovery. Exploration drilling works have defined three new gold prospect sites under shallow cover.