GOONGARRIE PROJECT
Location and access |
The Goongarrie area is located 100 km north of Kalgoorlie and is reached via the sealed Goldfields Highway. Kalgoorlie has a sealed airstrip and is serviced by regular flights to and from Perth.
Project summary
The project is located on granted Mining Leases, Exploration and Prospecting licences forming a contiguous land package of over 20km of strike situated 40km south of Menzies in the Eastern Goldfields of Western Australia.
The project is located at the northern end of the Bardoc Tectonic Zone (“BTZ”), a major greenstone belt between Kalgoorlie and Menzies within the Kalgoorlie Terrane of the Archaean Yilgarn Craton. The tenements border the western edge of the BTZ with all deposits on or adjacent to a major NNW trending strike parallel shear zones varying in intensity from 20-200m wide. This trend continues to the Company’s Menzies gold project area to the northwest.
The Goongarrie gold project was first mined underground when the area was discovered in 1893 and modern mining and exploration was conducted in the 1980s by Julia Mines Ltd leading to the completion of 4 shallow oxide open pits that produced ~35,000 oz from shallow open cut mines until 1989. Exploration has been conducted by a number of small companies since with the most recent work in 2011/12 by Cove Resources demonstrating the potential for further mineralisation both along strike and below the very shallow historic mines.
Recent drill intercepts returned:
Further to the South within the prospect area is the Goongarrie Lady deposit which has a JORC 2012 Compliant Resource of 0.27Mt @ 2.9g/t Au for 23,900oz.
Intermin Resources also completed a Feasibility Study showing positive economics results and generating a maiden JORC (2012) Ore Reserve of 0.135Mt at 2.94g/t for 12,700 oz.
The project is located at the northern end of the Bardoc Tectonic Zone (“BTZ”), a major greenstone belt between Kalgoorlie and Menzies within the Kalgoorlie Terrane of the Archaean Yilgarn Craton. The tenements border the western edge of the BTZ with all deposits on or adjacent to a major NNW trending strike parallel shear zones varying in intensity from 20-200m wide. This trend continues to the Company’s Menzies gold project area to the northwest.
The Goongarrie gold project was first mined underground when the area was discovered in 1893 and modern mining and exploration was conducted in the 1980s by Julia Mines Ltd leading to the completion of 4 shallow oxide open pits that produced ~35,000 oz from shallow open cut mines until 1989. Exploration has been conducted by a number of small companies since with the most recent work in 2011/12 by Cove Resources demonstrating the potential for further mineralisation both along strike and below the very shallow historic mines.
Recent drill intercepts returned:
- 21m at 3.5g/t Au from 33m
- 43m at 1.6g/t Au from 71m
- 4m at 14.9g/t Au from 38m
- 57m at 1.23g/t Au from 31m (incl. 3m at 7.2g/t)
- 3m at 12.9g/t Au from 10m
- 22m at 2.0g/t Au from 52m
Further to the South within the prospect area is the Goongarrie Lady deposit which has a JORC 2012 Compliant Resource of 0.27Mt @ 2.9g/t Au for 23,900oz.
Intermin Resources also completed a Feasibility Study showing positive economics results and generating a maiden JORC (2012) Ore Reserve of 0.135Mt at 2.94g/t for 12,700 oz.
