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Exploration
Nagambie's exploration focus is the search for shallow gold deposits in these smaller historic goldfields of Victoria, which is the second highest State in Australia for production and prospectivity but currently second last in exploration investment.
These fields with little only sporadic work mainly near surface had interesting results as shown in official gold returns. The company has assigned "Exploration Groups" to focus its exploration in these areas and developed specific projects areas in which an encouraging number of prospects have been discovered as shown in the accompanying table.
Exploration Group Areas and Historic Goldfields
Note: * Historical Reef Production and reported grade taken from Department of Primary Industry records
The company will be targeting areas within Central Victoria that:
- contain confirmed gold mineralisation;
- are smaller gold fields but have histories of significant gold production;
- have received little modern exploration attention;
- can be effectively tested by shallow drilling of geophysical and geochemical targets;
- are regarded as having the potential to host commercial gold deposits;
EXPLORATION GROUP AREAS IN CENTRAL VICTORIA
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