Multiple basement gold intersections in drilling on southern margin of 6km long Contessa granite:
Contessa
Central Park
Gidgee Flat
Syenite and intrusion related gold mineralisation on sheared granite contact in interpreted extension of the Eastern Goldfields superterrane
Potential for open–pittable resource, 25km south of Vango’s Marymia Gold Project and 35km east of the Plutonic gold mine
Multiple geochemical anomalies in drilling and surface geochemistry require further testing
All gold mineralisation identified previously is located along the Contessa granite (Figure 1 & 2) with exploration focusing on four main targets: Contessa, Central Park, Gidgee Flat and Brumby (Figure 1).
High-grade gold mineralisation has been intersected at depth at Gidgee Flat (14 metres at 2.93 g/t gold from 77 metres and 11 metres at 5.83 g/t gold from 195 metres) and at Contessa (11 metres at 29 g/t gold from 140 metres, including 1.0 metre at 151 g/t gold from 140 metres).
The Company believes the Ned’s Creek Project is highly prospective for an intrusion-related style of gold mineralisation with the possibility to host significant multiple gold lodes as the Contessa, Central Park, Gidgee Flat and Brumby gold prospects lie along the Contessa granite on the southern margin of the Marymia Inlier adjacent to reactivated crustal-scale faults that are a key feature of world-class gold camps.
LSR Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held