MXR. 8500N PALEOCHANNEL The 8500N Paleochannel is located within granted mining lease M15/1101, between the Company’s Wattle Dam Gold Mine and the underlying 8500N gold deposit (Figure 5). The 8500N Paleochannel forms part of the Lefroy Paleodrainage System, a significant ancient river network in the Eastern Goldfields region known for hosting highgrade paleochannel gold deposits such as Neptune, Africa, and Mandilla. Historical mining at Neptune and Africa, part of Gold Fields Limited’s (JSE:GFI) St Ives Gold Camp, produced ~87,000oz of gold at 3.32 g/t Au from a mineralised thickness of 1 to 3 metres. Similarly, Astral Resources’ (ASX:AAR) Mandilla paleochannel produced ~23,000oz at 7.5 g/t Au over a 600-metre strike length.
AAR Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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