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Leonora Gold Project

Currently hosting 101,000 ounces of gold at the Crawford Gold Project and surrounded by Tier 1 miners and explorers, the Leonora Gold Project comprises two sub-projects consisting of 10 exploration licences, 1 prospecting licence, 1 miscellaneous license and 1 mining lease covering the prolific gold zones of the Keith-Killkenny Tectonic Zone and the Pig Well Graben, all within a 25km radius of the town of Leonora in the WA Gold Fields.

101koz mine-ready JORC Mineral Resource

Open along strike and at depth

25km east of St Barbara gold mill

The Crawford Gold Project

The Crawford Gold Project contains Mineral Resource Estimate (MRE).

Crawford is primarily an oxide hosted supergene style mineralised system. Most recent drilling has been completed on 10m spaced sections with a total of 140 RC historic holes for 13,528m drilled. Prior drilling has focussed on infilling the oxide zone with little drilling extending into fresh rock. Mineralisation is open along strike and at depth.

Historical drilling results include:

  • 11m @ 2.17g/t from 16m;
  • 10m @ 3.38g/t (inc. 2m @ 12.4g/t) from 17m;
  • 18m @ 2.77g/t (inc. 3m @ 6.96g/t) from 27m;
  • 19m @ 1.64g/t (inc. 4m @ 3.23g/t) from 30m;
  • 15m @ 2.49g/t (inc. 3m @ 7.87g/t) from 35m;
  • 6m @ 5.55g/t (inc. 1m @ 21.1g/t) from 37m;
  • 22m @ 2.98g/t (inc. 6m @ 5.39g/t) from 38m;
  • 7m @ 5.39g/t, (inc. 2m @ 14.2g/t) from 49m; and
  • 6m @ 2.12g/t, (inc.1m @ 7.20g/t) from 55m.

Mining developmental works carried out on the Crawford Gold Project includes (but is not limited to):

  • environmental (flora and fauna) surveys;
  • metallurgical testing;
  • completion of all access agreements;
  • miscellaneous licence application for main road access;
  • heritage review;
  • geotechnical review;
  • hydrogeological review; and
  • ore & waste environmental tests & profiling.

The Company intends to continue mining studies and works post listing with an objective to advance the Crawford Gold Project to enable mining activities.

The Gambier Lass North Project

The Gambier Lass North Project is located to the north of the Crawford Gold Project and is located mainly within sediments of the Pig Well graben. Previous exploration has focussed on gold mineralisation, although some work has targeted Teutonic Bore style base metal mineralisation within felsic lithologies.

Recent drilling has delineated northern extensions to the historic Gambier Lass underground mine with narrow, high grade quartz lodes intersected. This mineralisation remains open at depth and along strike towards the north-west.

Historical drilling results include:

  • 5m @ 2.61g/t from 4m;
  • 5m @ 1.42g/t from 13m;
  • 7m @ 1.50g/t from 23m;
  • 4m @ 2.77g/t from 31m;
  • 14m @ 1.60g/t (inc. 6m @ 3.29g/t) from 32m;
  • 3m @ 1.98g/t from 45m;
  • 10m @ 1.40g/t from 55m;
  • 3m @ 3.04g/t from 81m;

Hole KWGLRC02 81-84m rock chips (3m @ 3.04g/t Au)