Another deposit closer to home hosted by differentiated dolerites: Jundee....
"In 1996, GCM geologists recognised that the Hughes, Main and Barton Deposits were hosted by several differentiated dolerite sills, which had intruded layer parallel within a thin sequence of sedimentary rocks. Similarities between the Jundee dolerites and the Golden Mile Dolerite were noted, and this led to a program of deep diamond drilling. As a result of this drilling Barton Deeps was discovered (hosted within the Barton Dolerite) in August 1996, and by June 1997 a resource of 5,740,000 tonnes at 12.4gpt Au for 2,293,000 ounces had been delineated. Underground development commenced in August 1997, with the first development ore produced in December 1997."
AUZ Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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