Looking to the Future by Utilising the Past

Gold Operations

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 gold production and prospectivity but currently second last in exploration investment.

These fields with only little sporadic work mainly during the latter part of the nineteenth century and only near surface (less than 50m) had interesting results as shown in the official gold returns. The company has assigned "Exploration Groups" to focus its exploration and “Development Groups” for on going development in these areas and assigned specific projects areas in which an encouraging number of prospects have been discovered as shown in the accompanying tables.

Table 1 Group Area, Projects and Licences

Group Area Project Name Licence Interest % Holder
EXPLORATION GROUP AREAS
Nagambie Nagambie North EL 4887 100 Nagambie
Nagambie South EL 4718 100 Nagambie
Nagambie EL 5023 100 Nagambie
Rushworth EL 4723 100 Nagambie
Redcastle - Heathcote Redcastle EL 3316 100 Nagambie

DEVELOPMENT GROUP AREAS
Nagambie Nagambie MIN 5412 100 Nagambie

Table 2 Exploration Group Areas and Historic Goldfields


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