Auzex Projects
Auzex has identified a number of priority targets in four Project Areas in North Queensland, New England, Western AUstralia and the West Coast of New Zealand.
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More than 160 gold deposits have been found to date with resources greater than 1 tonne of gold and 19 are greater than 100 tonnes of gold.
The project area has a proven history of discovery and new exploration techniques are leading to new discoveries.
The North Queensland Project areas are situated between Cairns and Mount Surprise. They consist of the Lyndbrook group of tenements (including the Galala Range and Running Brook prospects), and the Khartoum Project.
All tenements are 100% held by Auzex and were acquired as a result of the Company's extensive prospectivity modelling studies focusing on Intrusion-Related Granite Deposits.
The New England Project is located in north-eastern New South Wales and southern Queensland, situated between Armidale (NSW) in the south and Stanthorpe (Qld) in the north. The Project area hosts numerous hardrock Molybdenum, Bismuth and Tungsten historical workings in prospective fractionated granites with numerous associated gold and tin workings.
The key focus is on the Kingsgate Molybdenum-Bismuth Project, located 20km east of Glen Innes and the Klondyke/Seven Hills gold prospect, locate approximately 50km north-east of Glen Innes.
The New Zealand Project is located on the west coast of the South Island, situated between the townships of Nelson in the north and Ross in the south. Much of the project area covers the northern extension of the Reefton Goldfield which has historically produced 2.1 Moz gold, with new discoveries awaiting development. Auzex has previously confirmed the potential of the region to host granite related mineralisation.
The aim of the initial program is to scope the potential for either granite related mineralisation or Reefton style gold mineralisation. Current work program is focused on the Lyell gold prospect.
