Large tenement application (650 km²)
amalgamating the Luckie Reef at Alexandra, Reedy Creek and Yea tenements.
Intrusive related breccia mineralization
explored by BHP at Mt Piper
“Reedy Creek goldfield is a very similar setting to Costerfield with lots of high grade small deposits in close proximity” Rex Motton
PROVIDENCE-FOSTERVILLE STYLE
- Epizonal gold system with over 36,000 ounces produced at the very high grade of 39 g/t
- 4 parallel reefs within 150 m wide Luckie Reefs corridor
- Luckie reef worked to 122m & produced 207 ozs per meter depth
- One of the richest mines per vertical metre in the State, making excellent project economics for any discovery
- Presentation has been made to the local government council to keep them informed. Drill permit being developed.
PROVIDENCE PROJECT – GEOLOGY & PREVIOUS
EXPLORATION DRILLING
At Providence, two prospects, Providence and Ghin Ghin, occur on the axial zone of a northerly plunging anticlinorium, the Yea Anticline. Disseminated mineralization occurs associated with narrow veins, stockwork veins and breccia zones within the hypogene zone of the deposit. Twelve reverse circulation drill holes at the Providence prospect all returned anomalous gold throughout, with a best result of 18 m at 2.75 g/t Au including 8m at 7.0 g/t Au from 34m in drill hole PB6. The disseminated mineralization occurs in a 120 m wide zone. (Christie, et al, 2000 NZ Mining Conference)
The PROVIDENCE tenement was recently granted by the Victorian Government. The table of drilling is data is from the previous explorer Perseverance Mining who owned the Fosterville Gold Mine from 1991 to 2006 during the time of this drilling.
