Exploration Licence (EL6430) applied for in early 2017 covering 136 km²
in Victoria and was granted on 8th May 2018 for 2 years with optional extensions to 5 years.
Two types of hard-rock mineralized deposits are to be targeted:
→ Disseminated granite related gold mineralisation associated with the Strathbogie granite
→ Epizonal gold deposits associated with massive stibnite or disseminated sulphide mineralisation
Granite related disseminated gold mineralisation
such as Golden Mountain as well as various epizonal (Au-Sb-As) quartz veins. (eg. Heyfield Reef)
- Various gold mineralized shoots present as a result of intersecting favorable E-W carbonaceous beds and the N-S main fault
- Gold mineralization is open in most directions
- Significant potential remains for drilling along the E-W beds & along the N-S fault zone
GOLDEN MOUNTAIN 1940mN CROSS SECTION
GOLDEN MOUNTAIN LONG SECTION
GOLDEN MOUNTAIN HISTORIC MINE PLAN
GOLDEN MOUNTAIN 3D VIEW
- Golden Mountain mineralized zone domains, showing the development of mineralised mineralized pipes as a result of intersecting fault zones and favourable beds
- Red zones are carbonaceous beds.
- All zones are gold mineralised
- Other pipe-like zones occur in the surrounding area, such as at Wolfe’s and Faulk’s open cuts
GOLDEN MOUNTAIN LONG PROJECTION
DRILL TARGETS AT GOLDEN MOUNTAIN
→ North Shoot has not been drilled effectively with holes generally clipping the projected mineralized shoot
→ Near surface shallow drilling is required to detail some of the various mineralized zones
→ Drilling of satellite prospects with either Au-As-Sb signatures or Golden Mountain pipe type (eg Heyfield, Faulk’s)