As I have mentioned before, there is info about our project but because it was under different claims previously , it is hard to dig out the information. With many different mines , a simple google search doesn't work in this case.
This is some further information on three mines in our tenement on the southern part of the project. Peep-O-Day Reef, Hidden Treasure Reef and Isabella Reef. All have high grades. Unfortunately for them (fortunately for us) they could not proceed with drilling due to financing. "Synergy Metals Limited had previously committed to a $50,000 drilling program in the first year of the licence.A previous agreement with ASX listed Synergy Metals Limited was dissolved after a complete Board change within the Company. Financing was not secured for this licence due to a higher priority projects despite the Yarrara gold fields being rated as a prospective exploration target" .
The summarised recorded widths and grades are listed as follows:
Peep-O-Day Reef
NAME DEPTH GRADE WIDTH
Discovery Claim @115 feet 2.75Oz/t 2 inches-2 feet
No 1. North @84 feet 2 Oz/t 2 inches-2 feet
No 2. North @113 feet 3-4 Oz/t 2 feet
No 3. North @40 feet 7 Oz/t 6 inches
No 4. North (8 tons only) 0.5 Oz/t ?
Average: @ 27m 118 g/t 18.75cm
Hidden Treasure Reef
NAME DEPTH GRADE WIDTH
One Shaft Down @ 55 feet 2.4 Oz/t 2-3 feet
(The Geological survey of NSW have been unable to locate the exact location of the
Reef within the gold field)
Isabella Reef
NAME DEPTH GRADE WIDTH
Average @ 25m 51 g/t ?80cm
The mineralised strike length of the Peep-O-Day Reef is approximately 1,200 metres.
This is defined by recorded mine shafts and mineralisation may be open in both
directions. The depth of the workings extends up to a maximum of 60 metres.
The tested strike length of the Isabella Reef workings is approximately 1,000 metres
as determined by recorded mine shafts and drives and may be open in each direction.
The depth of the workings extends up to 45 metres.
Exploration Potential and Strategy
An 8 hole Reverse Circulation drilling program totaling 800 meters was proposed to
test the Peep-O-Day region along the strike of the historic gold workings once
detailed mapping and financing has been secured. Synergy Metals Limited had
previously committed to a $50,000 drilling program in the first year of the licence.
A previous agreement with ASX listed Synergy Metals Limited was dissolved after a
complete Board change within the Company. Financing was not secured for this
licence due to a higher priority projects despite the Yarrara gold fields being rated as a
prospective exploration target.
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As I have mentioned before, there is info about our project but...
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