Highlights• High-grade gold mineralisation confirmed in historic drilling beneath the Central Open Pit atthe Big Rush Gold Mine with drill intersections including 32m @ 14.0 g/t Au from 69m (Hole BR136)o 21.4m @ 2.26 g/t Au from 76m (Hole BRPD140)o 19m @ 3.51 g/t Au from 74m (Hole BR151)• Minimal exploration undertaken since mining ceased in 1998.• Compilation and interpretation of historic exploration data has defined a gold ExplorationTarget at Big Rush.• Previous recorded production via heap leaching of 950,000 tonnes @ 1.90 g/t Au for 58,039ounces and production by trial CIL Processing of 33,000 tonnes of sulphide ore @ 11 g/t Aufor 10,000 ounces recorded from the Big Rush Gold Mine.• The Company is currently completing Due Diligence on the possible acquisition of the GoldenAnt Project in Qld which includes the Camel Creek, Golden Cup & Big Rush Gold Mines.Greenpower Energy Limited (ASX: GPP, Greenpower, the Company) is pleased to report on DueDiligence activities relating to the Golden Ant Project. As announced on 14 May 2019, Greenpowerhas entered into an Option Agreement with Q-Generate Pty Ltd to acquire the former producing goldmines of Camel Creek, Golden Cup and Big Rush located in Northern Queensland. The mines werepredominatly operated as heap leach operations, with minor trial CIL Plant production, in the mid1990’s and between them produced in excess of 150,000 ounces of gold at an average grade of 1.91g/t Au (Table 1).As part of the Due Diligence process Greenpower has been compiling and assessing availableinformation from the Big Rush Gold Mine, located on 3 granted Mining Leases, 200 km West ofTownsville (Figure 2). Four shallow open pits were mined between 1995 – 1998 at Big Rush over astrike length of 1.7 km with the depth of mining largely restricted to the oxide zone (10 - 45m deep;Photo 1 & Figure 4). Historic production at Big Rush included heap leach gold production of 950,000tonnes @ 1.90 g/t Au for 58,039 ounces (Photo 2) and trial CIL Plant gold production from sulphideore of 33,000 toness @ 11 g/t Au for 10,000 ounces.In addition, the Company recently applied for a new Exploration Permit (EPM 27283) to cover possiblestrike extensions to the Big Rush mineralisation and other prospective areas. EPM 27283 covers anarea of 301 km2 and adjoins the Big Rush Mining Leases on the south and western sides (Figure 4).
GPP Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
32m @ 14.0 g/t Au from 69m (Hole BR136)o 21.4m @ 2.26 g/t Au from 76m (Hole BRPD140)o 19m @ 3.51 g/t Au from 74m (Hole BR151)• Minimal exploration undertaken since mining ceased in 1998.• Compilation and interpretation of historic exploration data has defined a gold ExplorationTarget at Big Rush.• Previous recorded production via heap leaching of 950,000 tonnes @ 1.90 g/t Au for 58,039ounces and production by trial CIL Processing of 33,000 tonnes of sulphide ore @ 11 g/t Aufor 10,000 ounces recorded from the Big Rush Gold Mine.• The Company is currently completing Due Diligence on the possible acquisition of the GoldenAnt Project in Qld which includes the Camel Creek, Golden Cup & Big Rush Gold Mines.Greenpower Energy Limited (ASX: GPP, Greenpower, the Company) is pleased to report on DueDiligence activities relating to the Golden Ant Project. As announced on 14 May 2019, Greenpowerhas entered into an Option Agreement with Q-Generate Pty Ltd to acquire the former producing goldmines of Camel Creek, Golden Cup and Big Rush located in Northern Queensland. The mines werepredominatly operated as heap leach operations, with minor trial CIL Plant production, in the mid1990’s and between them produced in excess of 150,000 ounces of gold at an average grade of 1.91g/t Au (Table 1).As part of the Due Diligence process Greenpower has been compiling and assessing availableinformation from the Big Rush Gold Mine, located on 3 granted Mining Leases, 200 km West ofTownsville (Figure 2). Four shallow open pits were mined between 1995 – 1998 at Big Rush over astrike length of 1.7 km with the depth of mining largely restricted to the oxide zone (10 - 45m deep;Photo 1 & Figure 4). Historic production at Big Rush included heap leach gold production of 950,000tonnes @ 1.90 g/t Au for 58,039 ounces (Photo 2) and trial CIL Plant gold production from sulphideore of 33,000 toness @ 11 g/t Au for 10,000 ounces.In addition, the Company recently applied for a new Exploration Permit (EPM 27283) to cover possiblestrike extensions to the Big Rush mineralisation and other prospective areas. EPM 27283 covers anarea of 301 km2 and adjoins the Big Rush Mining Leases on the south and western sides (Figure 4).
