Gold Projects in Queensland, New South Wales, Australia and New Zealand
Investment opportunities at
- Klondyke in New South Wales, Australia,
- Lyell in New Zealand, and
- Runningbrook in Queensland, Australia
Klondyke Gold Prospect
- New South Wales, Australia (50km north-east of Glen Innes).
- Location is historic gold mining district and well serviced with road, power and water.
- Veined gold mineralisation with RC drill intersections up to 7.74 g/t gold.
- Predictive Modelling targeting 0.5MOz-1.0MOz.
- Much larger disseminated gold in granite target (IRGD model) occurs over a 10km x 2km northwest trending elliptical zone. Predictive Modelling targeting 3.0MOz-5.0MOz.
- Drilling planned for October 2009.
Lyell Gold Prospect
South Island of New Zealand (West Coast – 60km east of Westport)
- Located within haulage distance to existing Reefton gold mining and processing facility.
- Highly prospective ground located over historic mining activities where 95,000 oz of Gold was extracted last century from underground mining.
- Open cut mining above the underground workings has the potential to add significant capacity available to the nearby process plant.
- Predictive Modelling targeting 0.5MOz.
Runningbrook Gold(Copper) Prospect
Queensland, Australia (approx 150km WSW of Cairns)
- Best rock chip samples included a maximum 3.12g/t Au and 8.17% Cu.
- Location is an historic gold mining region with well serviced for road, power and water.
- Located in the same region as one of Australia’s most profitable Gold Mines, Kidston, which produced 3.4MOz gold.
- Predictive Modelling targeting +1.0MOz gold.
Competent Person Statement
The information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr John Lawton, who is a full-time employee of the Company and Member of The Australasian Institute of Mining and Metallurgy. The latest August 2010 Mineral Resource estimate was completed under the overall supervision and direction of Steven Hodgson, MAIG, of CSA Global. Both Mr Lawton and Mr Hodgson have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activities which they have undertaken to qualify as Competent Persons as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Lawton and Mr Hodgson consent to the inclusion in this report of the matters based on the information in the form and context in which it appears.
