The Pilbara Region of Western Australia has attracted significant attention following the discovery by Novo Resources (TSX: NVO) of gold mineralisation hosted in conglomerates occurring near the base of the Fortescue Group, a sequence of Archaean volcanic and sedimentary rocks that outcrop over extensive areas in the Pilbara.
Conglomerate is a sedimentary rock formed from rounded gravel and boulder sized clasts cemented together in a matrix. The rounding of the clasts indicates they have been transported some distance from their source. This style of mineralisation is reportedly potentially analogous to the conglomerate hosted gold deposits of the Witwatersrand in South Africa which have produced in excess of 1 billion ounces of gold, and so represent highly attractive exploration targets.
Mount Roe Basalt outcrop Boulder conglomerate - Hardey Fm
Andromeda Metals holds title to 3 tenements comprising a total of 301 sq kms located in the Pilbara Region that are considered prospective for conglomerate gold mineralisation. The Company is currently determining how best to move the project forward.