100%-owned Mulgabbie North Gold Project covers 10km of greenstone belt geology in one of the richest and most prolific gold-producing belts in Australia.
OzAurum is currently exploring 8km of strike along the Relief Shear adjacent to Northern Star’s (ASX: NST) Carosue Dam Mine and the adjoining 3.5 Moz NST Karari and Whirling Dervish gold mines.
Previously underexplored with limited drilling despite significant gold endowment in the belt. Gold mineralisation is open at depth and along strike. Mulgabbie North has all the hallmarks indicating potential for a significant gold discovery.
OZM Mulgabbie North RC results over 1km strike
10m @ 4.6 g/t gold (Au) including 4m @ 10.26 g/t Au − MNORC 012
14m @ 3.89 g/t Au − MNORC 038
20m @ 1.91 g/t Au from 25m within 46m @ 1.04 g/t Au − MNORC 040
Wide Intervals of Gold Mineralisation in RC
44m @ 1.06 g/t Au from 107m − MNORC 033
41m @ 1.00 g/t Au from 42m − MNORC 047
35m @ 1.10 g/t Au from 124m − MNORC 042
New Western Primary Gold Mineralisation in RC
20m @ 1.16 g/t Au from 89m − MNORC 088
19m @ 1.02 g/t Au from 112m − MNORC 058
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