Mulgabbie North covers 10km of greenstone belt geology in one of the richest and most prolific gold-producing belts in Australia.
Within a 100 km long gold-bearing structure comprising notable gold mines such as Granny Smith (plus 2.5 million ounces resources), Wallaby (plus 7M oz resources) and Sunrise Dam (plus 15 million ounces resources), this coveted gold producing region has a endowment of plus 30 million ounces of gold resources.
Extensive alteration and mineralisation footprint over 2km typical of a large gold system. reported near-surface inferred resource (+1g/t COG) of
~600,000 t at 2.0 g/t Au containing 38,000 oz gold
(non-JORC 2012 compliant)*
In conjunction with solid drill results including:
EDRC 00130m @ 1.20 g/t Au
inc 13m @ 2.26 g/t Au
EDRC 002 | 6m @ 2.15 g/t Au
EDRC 010 | 40m @ 1.00 g/t Au
EDR 276 | 12m @ 2.72 g/t Au
Solid drill results including:
EDRC 025 | 5m @ 7.85 g/t Au
inc 1m @ 23.0 g/t Au
EDA 002 |7m @ 7.47 g/t Au
inc 2m @ 15.8 g/t Au
MNRC 001 | 10m @ 2.62 g/t Au
inc 1m @ 9.06 g/t Au
MNRC 002 | 6m @ 4.41 g/t Au
inc 1m @ 9.57 g/t Au
Gold was first discovered at Mulgabbie Hotel in 1898 and the field produced 8,000oz of gold at an astounding 34oz (or a little more than 1kg) to the tonne.
7,777 oz from 227 t Average grade 34 oz/t bonanza grades. Vendor 1990 Underground tribute mining has produced 30 oz at grade 64.8 g/t. 1,000 oz recent alluvial tribute gold production M28/364 Hotel 2011 2013. Dolerite hosted mineralisation and telluride mineralisation.
Significant Intersections include:
RCMC 7 | 19m @ 2.46 g/t Au from surface.
RCMC 3 | 11m @ 2.64 g/t Au from 26m.
RCMC 6 | 13m @ 2.16 g/t Au from 45m