Pilbara Gold Projects

Pilbara Gold Projects

The Company’s Pilbara Gold projects comprise the Strelley, Mount Grant, Pardoo, Goldsworthy and Big Hill Gold Projects. Each of these projects are located in the highly prospective Mallina Basin of Western Australia, northeast of the Hemi gold discovery of De Grey Mining Ltd (ASX: DEG). The Company’s ground holdings in the Mallina Basin total 442 km2.

Strelly Gold Project (100%)

Strelley is underlain by Archean aged granite and greenstone rocks and is located 70 km northeast of the Hemi gold discovery of De Grey Mining Ltd (ASX: DEG).

The Tabba Tabba Shear Zone passes through the project and is a large scale anastomosing orogenic belt of greenstone associated with significant gold mineralisation within De Grey’s tenements 30 kms to the south west.

First pass aircore and RC drilling programs were completed at Strelley in December 2020. The aim of the first pass drill programs was to scope out the Tabba Tabba and Berghaus Shear Zone structural pathways for evidence of broad mineralised trends beneath the shallow sand cover.

The Company has identified the following four prosects at Strelley:

Stockade Prospect

Wide spaced and shallow aircore and RC drilling has identified a greater than 1 km long gold mineralised corridor at Stockade which requires follow up drilling. The corridor is open to the north from a new aircore result of 2m @ 2.2 g/t gold from 6m including 1m @ 3.9 g/t gold from 7m.

Palisade Prospect

At the Palisade prospect shallow and wide spaced aircore drilling has defined a 4 km long gold anomaly along the interpreted northeast extension of the Berghaus Shear Zone into the Tabba Tabba Greenstone belt.

Gibraltar Prospect

>2 km long gold anomaly along the Tabba Tabba Shear Zone with historical drill results up to 10 m @ 1.6 g/t gold including 2 m @ 5.7 g/t gold.

Conwy Prospect

5 km long MMI soil gold anomaly at the intersection of the Tabba Tabba Shear Zone and Berghaus Shear Zone.

Mount Grant Gold Project (80%)

Mount Grant is located approximately 20km East of the Company’s Strelley Gold Project and approximately 90 km northeast of the Hemi gold discovery of De Grey Mining Ltd (ASX: DEG).

Results from a high-resolution aeromagnetic survey highlighted several new “Hemi style” intrusion targets along the main granite greenstone contact that is interpreted to represent the northern continuation of the Tabba Tabba Shear Zone.

The Mount Grant tenement is completely overlain by alluvial cover and is unexplored for gold mineralisation. The intrusion style targets identified represent distinct bullseye targets for first pass drill testing and form a pipeline of prospects that will be tested with drilling in the future.

Pardoo Gold Project (100%)

The Pardoo exploration license application covers 110 km2 along a significant structural trend that is overlain by alluvial cover and is previously unexplored for gold mineralisation. Several distinct intrusion type targets have been identified within the tenement which form a pipeline of prospects that will be tested with drilling in the future.

Goldsworthy Gold Project (100%)

The Goldsworthy tenement application contains approximately 4 km strike of unexplored granite / greenstone contact along the interpreted eastern extension of the Tabba Tabba Shear Zone. The Tabba Tabba Shear Zone is considered to be a fertile structure for gold mineralisation. Systematic exploration of the Goldsworthy tenement will be completed in due course.

Big Hill Gold Project (100%)

The Big Hill project is favourably located on the Berghaus Shear Zone considered to be a major structural corridor northeast of the Hemi gold discovery owned by De Grey Mining Ltd. Minimal historical exploration has been completed on the tenement.