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Project : EMILY STAR PROJECT - GOLD RESOURCE

Mining
Exploration - Drilling
  Estimated Project Value
$ 5,000,000
Address Mount Lofty Ranges 55 km southeast of
Suburb Adelaide
State SA
Council Adelaide
Postcode 5000
Project Type Resource - 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 1/6/2008
Completion Date 6/6/2012
Details
  • The major round of RC and diamond drilling targeted previously untested areas to the north and south of the Kanmantoo Open Cut.
  • These zones are highly prospective and have the potential to material increase the previously reported JORC compliant 18.37MT Indicated and Inferred 1.1% copper and 0.2 g/t gold resource by linking the 500 metres of strike between the Main Zone and Emily Star and Paringa to the south.
  • EL2663.
  • The Company announced that a series of detailed geological and structural investigations have bee completed by RSG Global Pty Lts in the vicinity of the old Kanmantoo Mine.
  • Results from the study will be used to target specific zones for exploration and re-define the existing resource of 196,700 tonnes of copper and 104,400 ozs of gold.
  • The orebody, discovered in 1962, is part of a much larger structurally controlled copper and gold mineralised system in the area that is known from primarily outcrop to extend in excess of 5km in strike.
  • It is this larger system that Hillgrove believe that the Projec has the potential to become a 'company making' project, as ther is known to be a number of parallel copper lodes in the same orientations as the known worked orebody that remain largely underexplored.
  • examples of which include Emily Star and O'Neil.
  • It is these lodes combined with the remaining extensive resources at the Kanmantoo mine that are considered to have the potential to provide considerable mill feed from either a single superpit incorporating the existing pit, or a number of adjoining satellite pits contributing to production.
 
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