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Project : LACHLAN FOLD BELT NICKEL, GOLD PROJECT

Mining
Open Cut
  Estimated Project Value
$ 5,000,000
Address 120 km North-West of
Suburb Canberra
State ACT
Council Act
Postcode 2600
Project Type Resource - Nickel/Gold
Development Type New
Status Finished (i.e. no further info)
Stage Exploration, Drilling, Survey & Assessment
Ownership Private
Notes
No Further Information Available
Commence Date 6/6/2012
Completion Date 1/6/2014
Details
  • Drill testing of the Merri Hill nickel and gold targets in 2008 returned lower order gold results and interesting nickel results in the oxide layer.
  • At Merri Hill, a near surface zone of secondary nickel mineralization identified by prior air core drilling (eg.8m at 1.45% nickel from 20m in SMRA64) was drilled tested last quarter with 3 RC holes totalling 168 metres to obtain samples for metallurgical test work.
  • Significant assay results returned from this RC drilling in the current quarter are shown in Table 1.
  • Samples have been submitted for detailed petrography (microscope analysis) and metallurgical assessment.
  • Results are pending.
  • Gold drill targets in the highly prospective western part of the tenement have been identified.
  • In this area, the Macquarie Arc Volcanics host a number of prospects and old workings including Mother Shipton where historically, approximately 30,000oz of gold has been mined from hard rock and alluvial sources (see figure ).
  • A review of previous work has revealed that surface geochemistry and RAB drilling has identified epithermal style gold prospects within two north west striking andesitic sequences.
  • At Mother Shipton, RAB drilling by previous explorers included best intersections of 2m at 6.80g/t Au from 38m and 2m at 3.95g/t Au from 4m.
  • Mother Shipton has been reported to have produced 30,000 oz of gold in the past.
  • Nickel results of m @ 0.93% nickel confirm presence of nickel oxide at Merrill hill Prospect.
  • 1237sq km over ELs 6901 (Combaning) 6246 (Glen Isla) & 7375 (Dirnaseer).
  • Temora copper gold project now reported separately on ID 1675519.
  • Glen Isla gold project reported separately on ID 1158441.
 
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