queensland projects
Our Neighbours
New Horizon Metals strategic intent in Queensland is to rapidly develop its two exciting projects – Bortala & Firey Creek – in Mt Isa’s world-class copper-belt.
Our Projects to the north of Mt Isa are in an under-explored region that is home to several large historic & operating copper mines including Mt Oxide, Lady Loretta & Capricorn Copper.
As a region prospective for hosting copper mineralisation, several global heavy weights have sizeable exploratory footprints; including Rio Tinto, Anglo American and Teck.
Bortala
The Bortala Project is contiguous to 29 Metals’ (ASX: 29M) Capricorn Copper Mine which produced >18,000t copper metal in 2021 and has a Mineral Resource Estimate at 62.5Mt @ 1.8% Cu-eq
Furthermore, the Bortala Project hosts members of the Mount Isa Group which exhibit widespread lead-zinc anomalism, and strong copper potential along bounding faults
The tenure is prospective for Mount Isa/Mammoth-style breccia copper deposits and epigenetic uranium mineralisation within the Eastern Creek Volcanic Formation
An east-north-east trending linear fault in the south of the Bortala tenure has copper-gold mineral occurrences / historic workings identified by the Queensland Geological Survey (QGS)
As shown in the adjacent TMI map sourced from QGS; 29M’s sizeable Capricorn Copper Mine operation is adjacent to a significant magnetic high zone
Within the Bortala Project several magnetic lineations and high zones have been identified by previous explorers, which may highlight enhanced iron oxide occurrences
Significantly, the geophysical features on the property signal key target areas for future exploration within the Bortala Project are proximal and adjacent to these magnetic high zones – especially on the eastern boundary
Firey Creek
Fifteen historical targets prospective for primarily copper mineralisation have been identified on the Firey Creek Property; including:
- Historic grab samples of 7.5% to 15.2% Cu in the south east of the property, and upto 11.2% Cu in the north west of the property, potentially associated with east-west faulting
- Previous drilling has intersected anomalous copper including 4m @ 1.4% Cu including 2m @ 1.8% Cu
Castillo Copper (ASX: CCZ) has comparable underlying geology to Firey Creek, 10 km to the east
