Yalco – Teck Earning 70%
The Yalco project is located approximately 50km north of McArthur River in the Gulf of Carpentaria in the Northern Territory and lies within the middle Proterozoic age McArthur Basin. The project tenements are traversed by the north-south trending Emu Fault Corridor which is considered to be a major regional structure implicated in the formation of the McArthur River deposit.
The project is interpreted to contain pyritic shales of the Barney Creek Formation, which hosts the McArthur River and Teena deposits. SHMS deposits such as McArthur River are globally significant and are believed to occur in restricted sub-basins located adjacent to growth faults. These growth faults are interpreted to have acted as pathways for base metal fluids derived from deeper in the basin.