Mt Morgan Style Mineralisation at Capricorn Project

Lithium Energy Limited (ASX: LEL) has confirmed promising signs of Mt Morgan style gold-copper mineralisation within its Capricorn Gold-Copper Belt Project in Central Queensland. The project surrounds the historic Mt Morgan Gold Mine, which was one of Australia’s most productive, yielding over 7.6Moz of gold and 360kt of copper during its operational life. A reinterpretation of historical drill cores, including significant gold, copper, zinc, and silver intercepts, supports the company’s hybrid two-stage epigenetic model.

This model suggests an Au-Cu intrusive event overprinted an earlier VMS massive sulphide system within the Mount Warner Volcanics. Geological analysis has identified six high-priority exploration zones across the 30km Mt Morgan Intrusive Complex, believed to be the mineralisation source. Encouraged by these results, Lithium Energy plans to accelerate exploration with geochemical sampling, geophysical surveys, and 2D/3D modelling to define targets for initial drilling, aiming to uncover potential repeats of the Mt Morgan deposit within its Capricorn tenements.

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