Daly resources is a private Australian exploration
company exploring for zinc and copper in the world – class mCarthur river region of the northen territory, australia.
ABOUT DALY RESOURCES
Daly Resources is a private Australian exploration company exploring for zinc and copper in the world-class McArthur River Region of the Northern Territory with the view of listing on the ASX.
Daly’s team boasts over 40 years of combined experience in the Northern Territory in exploration geology across various mineral systems. The company has in-depth understanding of exploration methodologies, operational regime, costs, discovery risks and development thresholds in remote NT. They have on-going practical experience in all facets of land access in remote Australia, including access negotiations with stakeholder groups (Aboriginal, Land Councils, Pastoral), Aboriginal heritage, environmental, regulatory regime and OHSE.
DALY RESOURCES PROJECT LOCATIONS
Broughton Project
Sedimentary-hosted base metals (Cu-Zn-Pb)
Daly holds a large tenement package (4 applications) as first mover into a new and novel hydrocarbon-associated base metals play in the northern McArthur Basin.
The region exhibits various desirable facets of a fertile sediment-hosted base metal system, including potassic-altered metalliferous basement, extensive evaporites, hydrocarbon source rocks, fluid pathways and demonstrated palaeo-oil migration into culminations along NNW-trending fault systems.
Disseminated chalcopyrite has been identified by Pacific Oil and Gas in historic petroleum wells that has been verified by Daly. The company has identified numerous regional soil and stream sediment anomalies via data review, which have not found their way into NTGS public datasets.
Beetaloo Project
Sedimentary-hosted base metals (Zn-Pb-Cu)
Daly holds two tenement applications in Beetaloo Basin-centred locations, encompassing numerous wells drilled by Origin Energy for unconventional petroleum.
Basin-edge tenure is held by Encounter Resources that is under JV to BHP via a staged farm-in agreement to spend up to $22m over ten years.
Daly speculate that roll-over structures along major NNW-trending fault systems represent palaeo-oil traps with base metal potential.
Batten Project
Sedimentary-hosted base metals (Zn-Pb-Ag)
Daly has one granted tenement and one application in the world class sedimentary-hosted base metals province termed the Batten Fault Zone that hosts the McArthur River HYC Zn-Pb-Ag mine and the nearby Teena Deposit (Teck Resources).
Daly’s tenements cover prospective geology along strike on what is interpreted to be a major controlling structure, the Bald Hills Fault. The tenements have limited historic drilling despite the obvious fertility.
Subtle synclines in the Batten Subgroup with encouraging Electromagnetic responses, which are directly analogous with Teena, are completely untested.