History, Geology And Planned Expansion Of Mount Isa Mines Properties

HISTORY In 1923 John Campbell Miles discovered the Mount Isa deposit after finding and submitting for assay some “unusual and heavy rocks”. Six months after submission he received the assays of his original samples which indicated high lead-silver values. The deposit area was isolated and unknown geographically and not served by even a rough country road. The isolation of Mount Isa coupled with the depression years had a strong influence on the rate of development of the area. These two factors resulted in a slow amalgamation of the early individually held leases and the lack of ready finance to begin serious mining of the deposit. Initially, surface lead-silver-zinc mineralisation was proved and diamond drilling to shallow depths showed the presence of a viable orebody. Limited underground development work was initiated and open cutting associated with glory holing commenced. Due to the metallurgical problems associated with the ore and due also to unsuspected change in metallurgical conditions as the ore deepened into what is known today as the transition zone, major problems of finance were recurring at frequent intervals. Despite low metal prices the development of the mine continued due to continuing infusion of capital. During the 1939-45 war years a surplus of lead was being produced in Australia, but a grave shortage of copper was apparent. About this time copper ore had been found to the hanging wall of the then known major lead orebodies. At the request of the Australian Government, lead production ceased and copper production commenced.