GASCOYNE PROJECT
GOLD POTENTIAL
- The Gascoyne Project is located from 10 km to the northeast of Spartan Resources Limited (ASX: SPR) Glenburgh 1 million ounce gold deposit, which comprised of several individual gold deposits each ranging between 3,900 to 182,300 ounces gold.
- Rocks within the resource zone of the Glenburgh gold deposit consist of granitic gneiss, amphibolite and mafic granulite, and minor migmatitic pelitic rocks. These same type of rocks are hosted within the Gascoyne Project.
- The northeast trending faults and shear zones from the Glenburgh gold deposit extends through the Gascoyne Project tenements, this includes the Deadman Fault which is mostly exposed on surface as a quartz vein.
- The Gascoyne Project tenements are vastly under explored offering exploration upside.
- The Gascoyne Project has high potential for gold mineralisation subject to surface sampling and exploration drilling.
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SOIL SAMPLING
- Tenement E09/2739 showing historical soil sampling locations and assay results.
- 75 samples recorded assay values ranging from 40ppb Au to 1,860ppb Au.
- The Cardilya Fault traverses easterly through all tenements.
- Tenement E09/2611 showing historical soil sampling locations and assay results.
- Historical soil sampling was wide spread across the tenement.
- 13 samples with assays ranging from 100ppbAu to 490ppb Au.
- The Cardilya Fault traverses northeast through E09/2611. There are also several other major faults and shear zones.