Naracoota Resources (ASX: NRR) is an exploration company which listed on the ASX in June 2011 in a strongly supported IPO. The Company has a highly experienced team which has assembled for the first time a tenement package in excess of 2,500 Ha in the premier copper and gold region of Peak Hill – Horseshoe Lights – Fortnum, near Meekatharra in Western Australia. Naracoota will continue to assess opportunities to expand its mineral assets in this sought after region.
The tenement package includes Naracoota’s two flagship projects at Horseshoe Range and Fraser Range. Historic exploration indicates excellent prospectivity and walk up drill targets for copper and gold in the area. Importantly, no modern exploration has been performed since the early 1990s, and no deep drilling or land based geophysics has ever been conducted over either project. Naracoota will target significant near surface gold deposits and deeper VMS copper and gold deposits which are typical of the region. The prospectivity of the area is evidenced by the Horseshoe Lights VMS discovery which is 7kms to the North of Naracoota’s tenements and the DeGrussa VMS discovery which is located 65 kms to the East.
Company Website: www.naracoota.com.au