An electromagnetic survey by
Inmet can earn 60% of Tri Origin’s interests in two adjoining properties covering 285 sq. km of the district. To earn its stake, the company must spend $3.2 million on exploration and pay $280,000 in cash over four years. Initially, Tri Origin will manage the project under a separate contract and receive administrative fees to recover certain overhead costs.
The Woodlawn property is wholly owned by a 91%-owned subsidiary of Tri Origin. It covers 115 sq. km and hosts three past producers: Woodlawn, Currawang and Cowley Hills. The Woodlawn mine was by far the largest of the three, having yielded 18 million tonnes of ore that averaged 1.7% copper, 3.8% lead and 9.9% zinc, plus 80 grams silver and 0.4 gram gold per tonne. A geophysical survey last year revealed several untested anomalies along an 8.5-km stretch of ground adjacent to that mine.
The Woodlawn South property covers 170 sq. km and hosts three known prospects. All are associated with rhyolites, similar to the Woodlawn and Cowley deposits (Currawang is associated with basalts). Tri Origin’s subsidiary owns a 40% interest in the property, which it can boost to 80%.
Drilling will begin upon completion of the geophysical program.
In addition to the above properties, Tri Origin is exploring several others to the immediate north. The most advanced of these is Lewis Pond, where resources stand at 5.7 million tonnes grading 0.19% copper, 2% lead, 3.4% lead, 1.9 grams gold and 97 grams silver. The resource lies near the surface and is divided among two zones known as Main and Tom’s. The latter is smaller but richer than the former.
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