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GPM METALS INC. Announces Filing of Initial Technical Report for the Walker Gossan Lead-Zinc-Silver Project, Northern Territory, Australia
TORONTO , Oct. 1, 2014 /CNW/ -  GPM METALS INC. (TSXV:GPM) (the "Company") announce...
About this update from Gpm Metals Inc.
[{"type":"text","content":"\n\nTORONTO, Oct. 1, 2014 /CNW/ - GPM METALS INC. (TSXV:GPM) (the \"Company\") announces the filing of the initial technical report for the Company's Walker Gossan Project in Northern Territory, Australia entitled \"Technical Report on the Walker Gossan Project in Arnhem Land, Northern Territory, Australia\" dated effective September 16, 2014 (the \"Technical Report\").\n\nThe Technical Report was prepared by Mr. David G. Jones (BSc., MSc., FAusIMM, FAIG); a \"Qualified Person\" as defined in National Instrument 43-101.\n\nA copy of the Technical Report is available under the Company's profile on www.sedar.com and on the Company's web site at www.gpmmetals.ca\n\nThe Company has the right to acquire up to a 75% interest in the Walker Gossan Project pursuant to an Earn-in / Joint Venture Agreement with Rio Tinto Exploration Pty Limited.  The Company's wholly owned Australian subsidiary (DPG Resources Australia Pty Limited) is the project operator.\n\nDESCRIPTION OF PROPERTY \n\nThe 166,000 hectare Walker Gossan project is located within the Walker Trough, a package of Middle Proterozoic carbonate sediments, situated in Arnhem Land in the Northern Territory of Australia.\n\nGeographical maps and geological setting illustrations are available on the Company's web site. http://www.gpmmetals.ca/australia/\n\nThe primary area of interest is the Walker Gossan. Gossanous outcrops with highly anomalous lead values were discovered by CRA – Conzinc RioTinto of Australia (predecessor to Rio Tinto Limited) in 1970 and a tenement application was made to the Government of the Northern Territory in 1972. An agreement under the Aboriginal Land Rights Act is required prior to grant of the tenement. To date the area has been held under tenement application and no exploration has been undertaken within the 40 years which have followed the discovery of the gossan.\n\nThe Walker Trough is part of an extensive Middle Proterozoic carbonate sequence which occurs from South of Mount Isa through to Darwin over an area of approximately 600,000 square kilometres which hosts one of the great metallogenic belts of the world.\n\nThe region includes a number of major silver, lead, zinc and copper deposits. These include the Mount Isa, George Fisher and MacArthur River mines owned by Xstrata; the Cannington Silver Mine,  regarded as the larg...