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Nagambie North Project
ELs 4887 & 5023
(Nagambie 100%)
This project, with an area of 34 km2, is covered by EL5023 and the northern portion of EL4887 and lies approximately 4 kilometres north of the Nagambie Mine (MIN5412). 1 prospect area has been identified so far.
Infill soil sampling results were encouraging and this area will be tested by aircore drilling later in the year which will target mineralisation indicated at surface by a series of well-defined gold and arsenic soil geochemistry anomalies haloes associated with structurally controlled gold mineralisation in Devonian aged basement sediments. The target is gold mineralisation in a similar structural setting to that mined by Perseverance Corporation at the Nagambie Mine.
Figure 1 Gold and Arsenic Anomalies at Nagambie North Project.
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