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Wolfe Basin Project

The Wolfe Basin Project covers an area of ~780km2 in the Kimberley region of Western Australia, and is prospective for base metal deposits localised in the lower reductant unit of the Wolfe Basin stratigraphy, as well as for nickel associated with mafic intrusive complexes within the underlying Halls Creek orogen. The most prospective areas for base-metal deposits are believed to be proximal to east-west trending structures identifiable in regional aeromagnetic and remote sensing imagery. There are no recorded granted tenements over large parts of Sipa’s project area making this a true greenfields exploration opportunity.

Broad-spaced (1km by 1km) soil sampling and reconnaissance field checking in selected areas by Sipa led to the immediate discovery of a persistent 1,300m long ironstone gossan in the predicted portion of the stratigraphic sequence, and is supportive of the mineralisation model currently being used for exploration targeting. Anomalous base metals in soils samples at the Remus prospect area will be followed up with infill sampling to aid in future drill targeting.

Wolfe Basin

Figure 1: Sipa's Wolfe Basin Project tenements over a regional magnetic image