Syndicated Metals (ASX:SMD) has expanded its copper portfolio in Queensland’s Mt Isa-Cloncurry district with the acquisition of the Tick Hill tenement package from Straits Resources (ASX:SRQ).
The acquisition of EPM9083 and EPM11013 covers the Tick Hill, Duchess and Spring Creek prospects that are close to the company’s existing Southern Hub tenement holding.
Its wholly-owned Southern Hub Project now comprises 466 square kilometres of tenure.
This provides Syndicated with a strong pipeline of resource development and exploration opportunities alongside its Northern Hub Project, which includes the advanced Barbara Copper-Gold Joint Venture Project with CopperChem Limited.
Tick Hill Tenements
The Duchess Prospect contains three extensively-drilled deposits at the Ivanhoe, Central and Duchess Lodes.
Duchess itself produced 205,000 tonnes at 12.5% copper from underground mining during the early 1900’s.
The Tick Hill tenements also surround the high grade Tick Hill gold mine that had recorded production of more than 0.5 million ounces of gold.
It also straddles the highly prospective Mt Erle Granite complex and includes several large geochemical and geophysical datasets containing numerous untested anomalies.
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