- Potential Major Greenfields Gold Discovery
- Strong coincident soil chemistry with magnetic and gravity anomalies and structural faulting.
- Outcropping quartz veining and nuggets
- Maiden Drilling campaign commencing this week
- Potential to be major gold bearing system analogous to Jundee (5m oz) and Bronzewing (3.5m oz)
The size, scale and intensity of the gold-in-soil in conjunction with multi-element
pathfinder association of tungsten and bismuth is a strong indication of an extensive,
near surface, gold bearing hydrothermal system (Fig 4).
In addition, the geometry of the soil geochemistry indicates a distribution consistent with gold
and pathfinder elements being enriched along preferred corridors that could be
related to faulting, shearing and preferred lithological units.
The geological mapping identified a heterogenous geological sequence of basalts
(major tholeiitic, minor Mg), dolerite, quartz veining, calc-silicate rocks, numerous
pegmatite dykes & plugs and felsic schists (sheared porphyry).
There is also ample evidence of extensive brittle-ductile deformation which is an important
characteristic associated with major gold deposits located elsewhere in the Yandal Gold.
The detailed aeromagnetic data also indicates a structural setting consistent with a brittle
– ductile corridor of approximately 6 km in strike and 1.2km in width with the gold-in-soil
anomalies co-incident with breaks, jogs and demagnetisation (Fig 3).
Furthermore, both the gold and pathfinder elements have a positive correlation with
northwest trending linear magnetic features that appear to be shears or faults.
This is supported by field observations of shearing near or co-incident with these trends (Fig 2).
The magnetics data also indicates a possible granite intrusion undercover to the
west that has an associated gold-in-soil anomaly.
