The Comapny is the 100% owner of Mulgabbie North and the Particia Project, which together cover a strike length of 10km of greenstone belt geology in the Norseman-Wiluna Greenstone Belt, one of the richest and most prolific gold-producing camps in Australia.
OzAurum’s tenement portfolio sits in the shadow of Saracen Mineral Holdings’ (ASX:SAR) Carosue Dam gold mine about 100km northeast of Kalgoorlie, a region that has been the subject of considerable greenfields exploration. The Carosue Dam mill has produced some 1.5 Million ounces so far from 24 million tonnes of ore.
Other notable explorers in the area include St Barbara (ASX:SBM), Breaker Resources (ASX:BRB) and Apollo Consolidated (ASX:AOP).
Prime Mulgabbie North project tenements adjoin the Carosue Dam Dervish and Kararimine sites containing 1.7 Million ounces of mineable gold reserves (to date produced over 1.0 million ounces from open pit/underground operations).
A history of high grade mineralisation and a potential high grade open pit and underground mining operation. The Patricia deposit is a high grade gold project open at depth. The project has had very limited exploration over the last 25 years.
Mulgabbie North and Patricia Projects are strategically located in the heart of WA Eastern Goldfields – 130km NE of Kalgoorlie.
Within a 100 km long gold-bearing structure comprising notable gold mines such as Granny Smith (plus 5.7 Moz resources), Wallaby (plus 11.8 Moz resources) and Sunrise Dam (plus 10.3 Moz resources), this coveted gold producing region has a endowment of plus 30 million ounces of gold resources.
Mulgabbie North Project is 2km directly adjacent Norther Star’s Carosue Dam Mine (~3.5 Moz) with similar rocks.
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