The Eastern Goldfields Project covers an area of approximately 2,335km2. The large tenement package covers Archaean greenstones within the highly prospective Eastern Goldfields Province of the Yilgarn Craton. The project is centered approximately 120 kilometres east of Kalgoorlie. The tenements cover positions within the two major NW-SE trending regional structural domains known as the Keith Kilkenny Tectonic Zone and the Laverton Tectonic Zone. The Laverton Tectonic Zone alone hosts over 20 individual gold deposits which cumulatively contain in excess of 27 million ounces of gold. The two largest gold deposits on this structure being the 10+ million ounce Sunrise Dam deposit and the 5+ million ounce Wallaby deposit.
The Eastern Goldfields Project area is predominately situated the Randalls, Maxwell’s and Santa gold deposits operated by Sliver Lake Resources Ltd at the southern end of the tenement package and Saracen Minerals Ltd’s Carosue Dam Gold Project in the northern area of the tenement package.
The Company has undertaken detailed geological review and interpretation of the available historical data on the broader extensive Eastern Goldfields tenement package. The Company has defined multiple regional gold exploration targets.
The Company’s Eastern Project area can be further defined as:
The Company acquired the highly prospective Pinjin Gold Project from Newmont in September 2010 which lies within the Company’s broader Eastern Goldfields tenement package. The Pinjin Gold Project covers Rebecca Palaeochannel system that is host to numerous palaeochannel gold intersections of up to 30g/t gold.
The Company acquired its interest in the Pinjin Gold Project with an objective of discovering the primary source of the palaeochannel gold. Drilling has intersected significant insitu gold mineralisation within a complex geological package beneath and adjacent to the Palaeochannel over a length of 5 kilometres from the T12 prospect to the north, the Kirgella’s Gift prospect and the T15 prospect to the south. Drilling results to date from this structure include; 5.9 metres @ 7.2g/t Au from 89.7 metres, 33 metres @ 3.1g/t Au from 51 metres, 2 metres @ 9.98g/t Au from 72 metres, 2 metres @ 8.47g/t Au from 93 metres and 12 metres @ 2.96g/t Au from 73 metres. Both the style and geological setting are comparable to the initial discovery of Sunrise Dam, which is approximately 100 kilometres to the north, in the same structural domain.
The Kirgella’s Gift prospect which sits within a geological package of strongly sheared magnetic and sulphidic rocks that extend for a length of approximately 5 kilometres. An associated pronounced geochemical anomaly extends over 5 kilometres by 1 kilometre. To date less than 10% of this package has been tested with effective bedrock drilling.
Historical drill results at Porphyry North include 12m @ 6.8g/t gold from 8 metres, 11m @ 7.83g/t gold from 9 metres, 14m @ 3.72g/t gold from 1 metre and 12 metres @ 3.33g/t from 6 metres.
A small first pass RC drilling program was undertaken at Porphyry North in November 2011 which return some promising results.
In June 2012, the Company also acquired the an 80% joint venture interest in a prospective 94km2 tenement package in the Eastern Goldfields known as the “Yilgangi Gold Project” from Newcrest Operations Limited (“Newcrest”). The other 20% interest in the Yilgangi Joint Venture is held by Jindalee Resources Limited (“Jindalee”). Under the Yilgangi Joint Venture agreement Jindalee’s interest is ‘carried’ via a limited recourse loan up to a decision to mine date.
The Yilgangi Gold Project straddles the Keith-Kilkenny Fault within the Edjudina Greenstone Belt of the Yilgarn Craton. The Edjudina Greenstone Belt within the vicinity of the project area consists of basalt, dolerite, felsic volcaniclastics and volcanics and minor ultramafic units. Within the Yilgangi project area the Edjudina Greenstone Belt is intruded by numerous monzonite, syenite and felsic porphyries. The Yilgangi project area appears to be situated on a major dilational jog and the intrusives are focussed within this zone.
Newcrest farmed into the Yilgangi Gold Project in 2004 and subsequently defined a number of saprolite gold anomalies. Newcrest focussed most of its attention on the Hobbes prospect where a +3 kilometre long saprolite gold anomaly (+50ppb gold) was identified. Drilling undertaken was predominately focussed on the southern portion of the Hobbes anomaly.
Significant intersections (+20g/m) drilled by Newcrest at the Hobbes prospect included:
- NHRC007: 32m @ 1.4g/t gold from 69m
- NHRC030: 15m @ 1.4g/t gold from 55m
- NHRC031: 20m @ 1.9g/t gold from 58m
- NHRC037: 17m @ 1.8g/t gold from 53m
- NHRC044: 14m @ 1.4g/t gold from 39m; and 21m @ 1.9g/t gold from 58m
- NHD002: 23m @ 1.1g/t gold from 50m; and 18m @ 3.0g/t gold from 87m; and 10m @ 6.9g/t gold from 128m
The Company recently undertook a small RC drilling program to infill the Hobbes Prospect to 100 metre by 50 metre nominal drill centres to confirm the continuity of the mineralisation and to provide sufficient data to consider defining a JORC compliant resource estimate for the Hobbes Prospect.
A number of significant intersections were returned including:
- 15m @ 2.4g/t gold from 38m
- 6m @ 2.1g/t gold from 60m
- 10m @ 2.5g/t gold from 54m
- 20m @ 2.2g/t gold from 166m (EOH)