Red Gate Gold Project
Our flagship project is called Red Gate. It is located in the prolific Yilgarn Craton of Western Australia which to date has produced over 100 million ounces of gold. Red Gate is located approximately 140 km north east of Kalgoorlie. The Red Gate Project is 10 km north of the Porphyry Gold Mine (0.9 Moz gold endowment) and sits within a sequence of greenstones, felsic volcanics and granites that host a number of substantial gold deposits nearby. Historical exploration work has located five prospects within or proximal to the “Red Gate Shear Zone” which extends over a 4 km strike length, and an additional, undrilled, prospect proximal to the regional Claypan Fault in the northern part of the tenement.
Most historical work has centred on the Porphyry North Prospect where gold bearing quartz veins occur in sets of widely spaced sheeted veins that collectively form a shallow northwest plunging en-echelon array that can be traced discontinuously on the surface for a distance of 230 m. This mineralisation appears to plunge at a shallow angle to the northeast under an area of cover and has not been closed off by drilling.
There are also several indications of significant exploration upside at other areas such as the Porphyry East Prospect where rock chip samples of up to 83.6 g/t gold and historical drill intersections of up to 10 m at 8.5 g/t gold (NPRC5) and also at the Porphyry West Prospect where historical drill intersections of up to 12 m at 9.2 g/t gold (NPDH30) occur.
As over 80% of the tenement is covered by shallow Tertiary and Quaternary sediments and laterite where little effective exploration has taken place there are opportunities for further gold discoveries. The tenement is within trucking distance of processing plants at Carouse Dam; Granny Smith and Sunrise Dam.
Red Gate Regional Location and Nearby Gold Mines
Red Gate Project & Adjacent Tenements
Roger River Gold Project
As a counterpoint to Red Gate we have secured the Roger River gold project in Tasmania. Unlike Western Australian gold deposits Roger River belongs to the epithermal family of deposits. Roger River comprises uneroded, hot spring related silicification, argillic alteration and associated diatreme breccias with a strike length of at least 7 km in a classic basin and range setting. The system is controlled by the regional scale Roger River Fault (RRF), a reverse fault and the most obvious source of the mineralising fluids. It and its numerous splay faults, truncate very favourable reactive carbonate host rocks and it exhibits the same trace element geochemical suite including Au, As and Hg common to these deposits. In these systems, the often lucrative fine grained, pyritic Au zones can be attributed to subtle mineralogical changes in the host limestone unit.
The predominantly carbonate-rich host rocks at Roger River are ideal for the emplacement of hot spring related epithermal mineralisation, either disseminated or as structurally controlled mineralised zones which can form economic deposits. The tenement has seen only limited stratigraphic drill testing, and an early program of air core and/or RC drilling into existing untested geochemical and structural targets, is proposed.
