Ann: Annual Report to shareholders, page-33

First 33 Last

Share
Profile

Follow
Mercury9

738 Posts.

304

06/10/21

18:58

Post #: 56613075
Share

Originally posted by Rhazzle: ↑

I was doing some research on the Forsyth/Etheridge goldfields and thought you may be interested in my findings.
Newspaper articles and images from geo documents below -
On the 1st image I have highlighted the approx general areas we have mining leases in and the proximity of the famous Kidston Gold Mine.
The 2nd and 3rd images give some historical information on gold mining in the area.

Forsayth is in the Gulf-Savannah region, 300 km south-west of Cairns. In its gold rush heyday, it was known as the “poor man’s goldfield” because prospectors didn’t need expensive equipment to search for gold.A small part of the Etheridge Goldfields, local legend has it that gold was discovered by a Tom McEvoy, who struck a reef while sinking a post hole.

1933 - 1934 Newspaper articlesFORSAYTH GOLD MINES, Ni.Forsayth Gold Mines, N.L., of which an abridged prospectus appears in our business columns, has been formed in Brisbane with a nominal capital of £200,000, In shares of 10/ each. Seventy thousand shares are to boissued to the Australian Mining Trust, Ltd., as part consideration for the transfer to the com-pany of approximately 189 acres on the Forsayth field, North Queensland. For public subscription 275,000 shares are offered, the issue, it Is stated, having been underwritten.Report - Forsayth Gold Mines. The mine manager of Forsayth Gold Mines. No Liability, reports by telegraphas follows: Btg reef, western drive recovered to face, total distance 329 feet: 5 feet of good looking ore In face. New Queenslunaer extended to 47 feet, 2 feet ore in sink.

Expand

Great work Rhazzle Dazzle - I noticed the share price went up to 6c today. I think some heavy exploring and actual drilling in AUS before the wet season would help the share price. Or event getting the XR going across the tenements.
Will they do the NZ drilling in the QLD wet season?

LNY Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply