Our projects are located in central Queensland, a proven gold province in a region hosting intrusion related gold systems (IRGS mineralisation), porphyry and epithermal style gold to copper-gold systems and skarn type mineralisation.
The tenements are located approximately 80km south of Gladstone and 150km west of Bundaberg in central Qld, both are major regional hubs with domestic airports.
A number of mines and multiple active exploration projects defining resources are located in the area, including:
- Mt Rawdon Mine Commenced production in 2001 with production of approximately 1.8Moz gold to 2020 (Evolution Mining Limited, 2021) and
- Remaining Reserves: 398koz Au @ 0.62g/t gold
- Forecasted AISC: A$1,290 – A$1,340
- Mt Cannindah: Hosts a Mineral Resource of 5.5 Mt @ 0.93% Cu (Cannindah Resources Limited, 2021) and has reported multiple successful drill intercepts Zenith Minerals (Red Mountain)
- Exploration success targeting similar mineralisation style at Red Mountain and Flanagan’s projects
- Mt Morgan: Historical production of 50 Mt @ 0.72% Cu and 4.75 g/t Au yielding 361 kt of copper and 239 t of gold (Porter GeoConsultancy Pty Ltd, 2021)
- Cracow: Historical production of 850 koz gold to 1992, reopened in 2004 with an annual production of approximately 80 koz gold, and total gold production to 2018 of 2.2 Moz gold (Evolution Mining Limited, 2018)
- Triumph Project: located just NE of Many Peaks where Sunshine Gold Limited have recently announced a maiden gold resource totalling 1.8 million tonnes at 2.0 g/t Au for 118 koz of contained gold (ASX:SHN announcement dated 31 March 2022)
- 3 projects across a large 464km2 Land Position
- Mt Weary Gold Project
- Rawlins Copper-Gold Project
- Monal Gold Project
- Multiple Historic Mines and existing Occurrences
- Host to both IRGS style mineralisation and porphyry/epithermal style gold, with mapped occurrences of sediment-hosted copper mineralisation and of multiple Cu-Au Skarns
- Excellent Infrastructure
- 80km south of Gladstone and 150km west of Bundaberg
- Flagship Mt Weary Project 3km from maintained access roads and power
- Excellent existing dataset
- Extensive soil, rock chip and mapping completed
- Regional Airborne Mag, Ground Mag, IP-Resistivity datasets
- Drill ready targets defined
Mt Weary Project
The Mt Weary Project is comprised of several Prospects associated with small intrusions and breccia bodies formed near the margin of the large Lawyer Granite intrusion complex.
The priority target being the Boggy Creek Prospect, where gold mineralisation associated with induced polarity (IP) anomalies in ground geophysics is confirmed in historical drilling. Historic drill programmes with identified gold mineralisation
- 94m @ 0.49g/t gold (from surface to hole ending in mineralisation) – RC93CH3
- 66m @ 0.47g/t gold from 59m (hole ending in mineralisation)
including 20m @ 0.8g/t gold from 84m – DD93CH10
- 12m @ 1.54g/t gold from 40m – RC93CH4
- 21m @ 0.46g/t gold from surface and
2m @ 6.24g/t gold from 32m – RC94CH13
Geophysical surveys completed in 2019 extended the footprint of the chargeable IP anomaly, and defined several higher tenor anomalies that are un-tested to date and will be the focus of an aggressive exploration campaign to expand the footprint of mineralisation at Boggy Creek drilling on new orientations, and provide initial tests into extension targets to assess potential for higher tenor mineralisation on a substantial bulk tonnage gold target.
Boggy Creek is a 1.2km long IP anomaly, situated within a broader 3km long soil geochemistry anomaly.
Childs Prospect is an extensional target north of the Boggy Creek hosting an open ended, high tenor gold in soil anomaly associated with small intrusions analogous to the Boggy Creek Prospect.
Childs remains untested with drilling or ground geophysics and will be a focus of exploration activity concurrent with Boggy Creek drilling.
The Company will complete soil survey extensions and assess the value of extending ground geophysical coverage of the area prior to initial drill testing.
Approximately 20km west of the Mt Weary Gold Project, a number of copper-gold prospects occur over an area of approximately 5kms by 3kms comprising the:
- Rough Gully Prospect
- Copper Knob Prospect and
- Eastern Star Prospect.
These three Prospects are clustered together on the margin of a significant annular feature in regional magnetic datasets.
The aerial magnetic anomalies are coincident with several zones of surface copper-gold anomalism returned in surface sampling and mapping completed by the Company in the 18 month period prior to listing. The Rough Gully magnetics feature is considered to be a buried intrusion not previously recognised. In addition to anomalism in systematic soil survey work, better rock chip sampling results across the Rawlins Project area include:
- 31.1g/t Au, 56g/t Ag, 0.6% Cu
- 9.55g/t Au, 59.2g/t Ag, and 2.84% Cu
- 1.12g/t Au, 14.6g/t Ag, and 10.7% Cu/li>
The Eastern Star Prospect is a separate sub-circular magnetic feature with a linear zone in its northern section that extends past the main circular shape. Recent trenching at Eastern Star has provided better intercepts including:
- 5.4 m @ 0.98 g/t Au, 8 g/t Ag, 0.17% Cu,
Including 1.5 m @ 2.79 g/t Au, 8 g/t Ag, 0.83% Cu. CH21ES01
- 1.2 m @ 3.49 g/t Au, 11 g/t Ag, 0.73% Cu – CH21ES02
- 1.0 m @ 8.94 g/t Au, 64 g/t Ag, 0.72% Cu – CH21ES03
- 3.5 m @ 0.98 g/t Au, 13 g/t Ag, 0.42% Cu,
Including 1.2 m @ 1.29 g/t Au, 25 g/t Ag, 0.74% Cu – CH21ES04
>2km long corridor of historic underground gold mines where recent mapping has re-defined interpretation of key structural controls. The Company will continue with mapping and surface geochem work with the objective of defining drill targets to rank against ongoing work planned for the Mt Weary and Rawlins project areas.