The Nickol River Gold Project is located approximately 13km east of Karratha in the Pilbara region of Western Australia (Nikol River Project). It comprises seven granted Mining Leases (M47/87, M47/127, M47/401, M47/421, M47/435, M47/455, M47/577) and five Miscellaneous Licences (L47/686, L47/687, L47/688, L47/689, and L47/565 (application)) and a Water Licence 177790.
The Nickol River Project is within the Karratha Terrane on the north side of the Sholl Shear Zone, near the margin of the Karratha Granodiorite. The tenements are underlain by the Roebourne Group, dominantly the peridotitic komatiite Ruth Well Formation. The Ruth Well Formation also includes komatiitic basalt, tholeiite, chert and peridotite and dolerite sills.
The immediate area surrounding and including the Nickol River Project tenements has been explored for gold since 1889. Most recently the tenement M47/1527 which is partly surrounded by tenements M47/127 and M47/401, has been drilled by a series of owners and successfully mined for alluvial gold by its present owners, Artemis Resources Limited (ASX: ARV).
This area is highly prospective for gold deposits, although no substantial modern exploration or drilling has been carried out on the Nickol River Project tenements.