Ann: Star of Mangaroon Acquisition & Consolidation, page-18

Some context for the acquisition.


Red block main Exploration license with the smaller Mining leases in white. ML09/91 not included?


Different satellite imagery with tenements shown schematically.

Some details of the MLs
175 Star of Mangaroon
No obvious linear features with pits over significant distances.
Black rubble on bump to east.



M147
Possibly more alluvial workings??


M174
Again alluvial??



M91 - Not in announcement so probably excluded.
Another alluvial operation?




Gold potential is obviously the main reason for acquisition. However, base metals and REEs are also mentioned. The benefits of consolidating a district play can also not be overlooked.

A quick scan of satellite imagery did not show blatant ironstone-like expressions. Some subtle hints that may be worth following up.
There is a mafic dyke in the NW corner. Unlikely to be of the same suite as Money but.....
See image above for tenement location.



There are still a few gaps in DRE's holdings. Whether they are worth trying to acquire is something the team will have to decide. The Venus/Redscope ground east and NW of Star of Mangaroon looks potentially important to achieve complete coverage over the main trend along the Lyon River and associated faults. Large blocks held by a company rather than individuals as at Star would entail different negotiations and probably much higher costs. UP to DT and team to decide if they want to try although may not be an option if V/R are not interested.

Pretty good package of land got a bit more gold and copper added to it. Hopefully.