Comprising several lode systems including the Steam Engine Lode and Eastern Ridge Lode, the project spans a considerable strike length, showcasing multiple gold-bearing zones within shear zones characterised by pyrite-quartz-muscovite-carbonate schist. Gold mineralisation occurs within north-northeast trending, west-dipping lodes hosted by metamorphosed intermediate to basic intrusives and metasediments.
The Steam Engine Project harbours significant potential for expanding its gold resource inventory, with current resources developed to a relatively shallow depth of less than 100 metres and along 1.3 km of total potential lode strike length. Recent studies have identified at least 10 km of additional lode potential along known structures, promising substantial growth in the project’s resource base.
SPQ Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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