Barrytown Mineral Sands Project
Location of tenement EL 51803
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The Barrytown Mineral Sands deposit is located on the South Island of New Zealand, 28 kms north of the port of Greymouth. The exploration licence area comprises a coastal lowland strip up to 1.5 km wide within a coastal embayment that stretches over 17 km.
Ilmenite Mineral Sands
The Barrytown Project is a very large, by world standards, heavy mineral sand deposit with an Exploration Target*of 80-100 million tonnes @ 11-13% ilmenite.
The Project has seen extensive work over the last 40 years culminating in pilot scale production by C.R.A (now Rio Tinto) in the 1980's.
The Company believes that the potential for an Ilmenite development may be possible in current market conditions, however the work required for such a large and complex project requires specialist Company involvement. Because of this expressions of interest have been sought from groups with expertise in this area.
Barrytown beach – licence area is mostly farmland
Gold in Heavy Mineral Sands
The Company has completed a more in-depth review of data and completed a site visit in early March 2012 to confirm the above assessment as well as investigate other value creating options. Of interest is the potential for economic development of the project by focussing on the most valuable constituents of the ore, being Gold and Zircon. The recent increase in market value for both these commodities has changed the value of such a proposition.
Previous work has focussed on the broad nature of the ilmenite within the deposit, with very little attention given to the gold and zircon contents, particularly within the higher grade portions of the strands where these minerals would be expected to be concentrated. This is despite the fact that approximately 16 million ounces of gold has been recovered historically from palaeo-river and beach deposits within the south island of New Zealand.
Seasonal licenced mining below High Water Mark at Barrytown recovers gold in 2012
The Barrytown Project is not considered a core project and Alloy is continuing to negotiate with interested parties for a joint venture to move the project forward.
* For more information please refer to: