Raeside Project:
The Raeside Project consists of two tenements M37/1298 (11.2 sqkm) and E37/1300 (12.0 sqkm) located approximately 10km east of Leonora. Four gold deposits occur within the Project area.
These deposits are historic and recognised as Michelangelo, Leonardo, Forgotten Four and Krang.
The gold deposits are all located on M37/1298, positioned south of the Leonora-Kalgoorlie railway line and within about two kilometres of each other.
The mined open pit, the Forgotten Four (1990-1992 Triton Resources) yielded 55,839t @ 3.92 g/t Au (7,030oz) to a mined depth of 45m.
There are at least two mineralised lodes at Forgotten Four of which one was partly mined by Triton.
The estimated gold Mineral Resources at Raeside consist of four (4) deposits totalling 2.5Mt @ 2.07 g/t Au for 168,000oz at a 0.5g/t cut-off, as announced 17th of February 2020. The Mineral Resource estimate consists of:
Gw
- Michelangelo – 1.5Mt @ 2.06 g/t for 98,000ozs
- Leonardo – 0.5Mt @ 2.26 g/t for 39,000ozs
- Forgotten Four – 0.2Mt @ 2.04 g/t for 14,000ozs
- Krang – 0.3Mt @ 1.84 g/t for 17,000ozs
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