Pilbara Gold Projects

Pilbara Gold Projects

The Company’s Pilbara Gold projects comprise the Strelley Gold Project and the Mount Grant Gold Project. Both Strelley and Mount Grant 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 254 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 SW. A key target within the Strelley Gold Project is the convergence zone of the Tabba Tabba Shear Zone and the interpreted northern extension of the Berghaus Shear Zone.

The Company has identified the following four prosects at Strelley:

Palisade Prospect

7 km long Mobile Metal Ion (MMI) soil gold anomaly open to the southwest coincident with a ~300-500 m wide gold mineralised bottom of hole RAB drilling anomaly.

Gibraltar Prospect

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

Stockade Prospect

3 km long MMI soil gold anomaly, sparsely drilled on 500 m spaced sections with results up to 1 m @ 6.6 g/t gold and 3 m @ 1.5 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).

Mount Grant contains 45 km of strike of greenstone effectively unexplored for gold and located under alluvial cover associated with the De Grey River catchment area.