Redcliffe Gold Project LOCATION: LEONORA, WESTERN AUSTRALIA (PACRIM 100%)
The project comprises a large tenement holding east and northeast of Leonora in Western Australia. The tenements cover approximately 65km strike length of the Mertondale Shear Zone (MSZ) and associated structures situated 40- 85km northeast of Leonora and the Sunday-Picnic prospects 20km east of Leonora.
The project holdings were expanded considerably during 2006 by applications, acquisition, and granting of several tenements. Pacrim now has a 100% interest in a total tenement area of 885 km2.
Past production from the structure is 400,000 ounces of gold from historic operations and several pits mined during the 1980’s and early 1990’s. The Mertondale Shear Zone and associated structures constitute an extensive mineralised target from which only a few high grade pods have been exploited. These include the shallow Nambi and Redcliffe pits that produced in excess of 90,000 ounces from within the Pacrim Energy project area.
Pacrim has initiated definion of gold resources amenable to open pit mining and also recognizes the potential for extensive high grades systems to continue at depth. Sampled sulphide lode material from the Nambi area assayed 12g/t gold.
In addition to seeking near surface gold deposits;- Pacrim Energy’s exploration philosophy for the region is based on the presence of sulphide associated gold mineralisation at depth. In support of this, sampling of sulphide lode from the Nambi open pit in August 2006 has assayed 11g/t and RC drilling at Golden Terrace North has intersected sulphidic black shale that assayed 32.5g/t gold.
Drilling at the Sunday Picnic prospect adds further weight to this, returning high grade gold mineralisation (up to 49.5g/t gold) from sulphide associated mineralisation hosted by a quartz filled structure. Scout drilling of a low level soil geochemical anomaly at Golden Terrace Central also intersected sulphide mineralisation that is to be targeted along strike.
These results provide further encouragement for the mineralisation of the region following on from recent releases by Navigator Resources who hold tenements adjoining Pacrim Energy Ltd’s ground on the Mertondale Shear Zone.
Major Exploration Programme A major exploration programme began in 2007, consisting of over 30,000 metres of RC drilling, AirCore and RAB drilling. The Company is confident of rapidly building a significant resource inventory from this work.
