Flamingo

The Flamingo copper project consists of 1 EPM, 1 Exploration Permit for Minerals Application, 2 MLs and 6 Mining Lease Applications covering an area of 30kmĀ² centered approximately 100km north-northwest of Cloncurry. The project is also situated 90km northwest of Xstrata’s world class copper-gold mine at Ernest Henry (167Mt @ 1.1% Copper and 0.54g/t Gold) and 40km north-northeast of Altona Mining’s Roseby copper-gold project (128Mt @ 0.7% Copper and 0.04g/t Gold).

The regional structure includes the N-S trending Coolullah fault in the west and its NWW-SEE splays through the project area. The local stratigraphy is dominated by quartzite, calc-silicate, meta-sandstone and banded amphibolite of the middle Proterozoic Solders Cap Group. Much of the ground is covered with thin Cainozoic alluvium and fluvium, which to some degree conceals the potential ore deposits from being discovered by previous explorers.

QMC considers that the Flamingo tenements have potential to host iron oxide copper-gold deposits, a style of mineralization characterized by the giant Olympic Dam mine in South Australia and the Ernest Henry mine in Cloncurry. Elements interpreted as prospective for IOCG deposits include mafic and calc-silicate units of the Solders Cap Group, proximity to granitic intrusions and the development of brittle-ductile structural traps and jogs plus magnetic anomalism and elevated copper geochemistry in soils and stream sediments.

Historical exploration has reported some very encouraging results, including 36m@ 2.71% Copper and 0.4g/t Gold from one hole drilled into ML90103.