CTTR Gold owns 492sq km of exploration tenement in the Pilbara region of Western Australia consisting of 9 Exploration Licences
The Pilbara region has long been the world's most prolific iron ore production district. Now, gold in Archean age conglomerates is the main exploration focus, heralded by Novo Resources dramatic new discoveries.
The Pilbara Gold Nuggets
- Typically coarse in size
- Seldom attached to quartz
- Rounder in shape, clearly indicating alluvial origin
- Nuggets have been flattened, indicating compression during burial, or later due to structural events
- High purity of > 96%
Initial exploration took place on the western flank of the conglomerate bearing units on fully the permitted Purdy's Reward tenement, partially owned by Novo ("NVO") and ASX-listed Artemis Resources ("ARV"). Novo states the it has confirmed that the Purdy's Reward environment is a near-shore marine alluvial gold deposit. Gold bearing conglomerates occur at the base of the Fortescue Group below basalt flows and these have been mapper extensively around CTTR's tenements.