LADY ERMALINA
Buckingham’s tenure hosts sedimentary rocks of the Paleozoic and Mesozoic Eras. Sedimentary rocks of the Carboniferous Period include argillites, greywackes and cherts and comprise the economically important Sicker Formation. Older Devonian rocks on the property include felsic tuffs and breccias, argillites, rhyodacite flows and phyllites of the Myra Formation. Importantly, all lithologies are intruded by Jurassic rocks of dioritic composition.
This geological setting is consistent with the association of sub-marine, extensional environments conducive to VHMS deposit development.
BUKX believes there is strong potential to discover VHMS base metal deposits on its Lady Ermalina property by better understanding the spatiality and stratigraphy of the iron formation and its host rocks.
Anomalous gold, silver, copper, lead, zinc, molybdenum and arsenic values in soils coincident with the iron formation, coupled with nearby base metal VHMS deposits, justify BUKX’s view.
So far, work undertaken at the property has been piecemeal and ineffective – initial work to be done by BUKX will include systematic drill out of the iron formation to prove continuity between showings at Lady A, B and C, thereby increasing iron resource tonnage.