The Company has secured the Gnewing Bore Project, a high-grade silver-gold project located in the developing Halls Creek orogenic belt, along the eastern region of the Kimberley. The Gnewing Bore Project comprises exploration licence E80/5508, with tenement grant expected to be in June/July 2021.
The project is situated close to the regional centre of Halls Creek and the Great Northern Highway. The Kimberley has a long history of mining activity, commencing with the discovery of gold in Halls Creek during 1885 (the first discovery of gold within Western Australia) which led to a brief gold rush.
Early explorers in the 1960's recognised the potential for base metal mineralisation, with the associated gossanous veins identified at the Gnewing Bore Prospect. The emphasis shifted from base metal to gold exploration during the 1990's. However, no exploration has been undertaken on the Gnewing Project since the 1990’s.
The geological mapping identified quartz sulphide pods ± veins at the lithological contact between the Bow River granite and dolerite related to a north-westerly trending structure. Semi-continuous rockchip sampling was undertaken over the main quartz sulphide occurrences with encouraging results of
-5m @ 3.31g/t Au from outcrop rock sample 34576¹
-105g/t Ag and 2.26g/t Au from outcrop rock sample 34561¹
Active gold explorers in the area include Pantoro (producing from Nicholsons), Meteoric (new acquisition at Palm Springs), Hexagon (refocused on gold at Halls Creek) and IGO (major staking activity along entire belt). In addition, Panoramic is also re-starting The Savannah Ni-PGE mine driving a new wave of nickel exploration in the area.
Initial exploration work programs will consist of geological mapping and geochemical sampling to build on the encouraging historical results, followed by Gradient Array Induced Polarisation (GAIP) survey prior to drilling. The primary target is to investigate further areas of sulphide accumulation and quartz veining below the outcropping quartz-sulphide gossan which recorded historical results of greater than 100 g/t silver and 3 g/t gold. Regional targets may also be identified as a result of reconnaissance field work programs such as geochem sampling and geological mapping.