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Mt Weary Gold Project

The Mt Weary Gold 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 Company completed a maiden drill program in 2022 where gold mineralisation is confirmed associated with induced polarity (IP) anomalies in ground geophysics.

The initial campaign of drilling by Many Peaks Minerals successfully identified higher tenor gold mineralisation at the Boggy Creek prospect area within the Mt Weary Gold Project area, and expanded the footprint of mineralisation identified in historical drilling. Mineralisation remains open in both directions along strike, including more than 2km of higher tenor surface anomalism yet to be tested.

Also, a substantially larger volume of favourable porphyry textured intrusions (diorite) is identified in step-out drilling than recognised in previous mapping and drilling. The diorite bodies identified are consistently associated with strong hydrothermal alteration and pyrite (+/- arsenopyrite) mineralisation.

Mineralisation remains open in all directions, previous results (refer to ASX releases dated 31 March and 7 June 2022) include:

  • 2m @ 3.75g/t gold from 101m – BCRC001
  • 2m @ 6.24g/t gold from 32m – RC94CH13
  • 7m @ 2.04g/t gold from 13m – BCRC003
  • 17m @ 0.75g/t gold from 10m,
    including 7m @ 1.28g/t gold and 21m @ 0.48g/t gold from 109m to end of hole – BCRC005
  • 94m @ 0.49g/t gold from surface to hole ending in mineralisation – RC93CH3
  • 11m @ 0.53g/t gold from 73m – BCRC007
  • 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

Mt Weary Project area, with Boggy Creek Prospect drill locations and Childs Prospect Soil survey proposal on geology modified from 2018 Theodore series Queensland Geology compilation map.

Boggy Creek Prospect (Inset Map)- Drilling locations on geology modified from 2018 Theodore series Queensland Geology compilation map.