PROJECTS
The Spring Gully Prospect is situated within the Sofala Project within the world class province of the Lachlan Fold Belt in NSW.
The Spring Gully prospect is located 1.7 km east of Wattle Flat Township and which lies on the Peel Road between Sofala (6km to the north) and Bathurst (35km to the SSW) in New South Wales. The initial discovery was identified by regional drainage geochemistry. Although the mineralised zone outcrops were previous mined, the activity was limited to shallow prospecting pits and surface workings.
Independent Maiden JORC 2012 Inferred Mineral Resource for the Spring Gully Deposit has yielded 9.48Mt at 1.06 g/t Au containing 323,900 oz Gold.
Spring Gully Deposit has a strike length over 1.60 km by 650m in width with mineralisation remaining open along strike and at depth.
Mineralisation envelopes of gold vary from 24 m up to 63 m thick. Significant historic gold intersections include:
– Drill Hole SGRC002 – 7m @ 2.53g/t Au from 9m
– Drill Hole SGRC006 – 48m @ 1.53g/t Au from 60m
– Drill Hole SGDD016 – 14.3m @ 1.89g/t Au from 49.7m
– Drill Hole SGXD030 – 35m @ 1.34g/t Au from 5m
– Drill Hole SGDD036 – 24.5m @ 1.66g/t Au from 109.5m
– Drill Hole SGRC050 – 16m @ 2.50g/t Au from 6m
