FENTON GOLD PROJECT
STRONG GOLD SYSTEM WITH WIDE GOLD HITS FROM LIMITED DRILLING
FENTON GOLD PROJECT
THREE GRANTED TENEMENTS & THREE APPLICATIONS (ALL 100% OWNED)
Strong gold system with wide gold hits from limited drilling
55m @ 0.88g/t Au from 418m Incl. 20m @ 1.74g/t Au from 423m
(max Au grade 8.55g/t Au)
CLOSE TO SOME OF THE TERRITORY’S MOST PROLIFIC GOLD DEPOSITS
Three 100%-owned and granted tenements & Three 100%-owned Applications
Western licences cover a 55km strike length of the Fenton Shear Zone (FSZ)
Fenton Shear Zone a major regional structure sub-parallel to the gold mineralised Pine Creek Shear Zone
PINE CREEK REGION – 17MOZ OF GOLD
Hosted within the Pine Creek Geosyncline which is a mid-Proterozoic sequence of marine sediments intruded by a suite of granites.
Regionally, known mineralisation primarily hosted within Pine Creek Shear.
Pine Creek Project located on parallel structural corridor to the Pine Creek Shear Zone, partially under cover, known to be gold mineralised.
Gold mineralisation found in a number of the sedimentary units.
Higher-grade deposits such as Cosmo Howley and Mount Porter are developed within BIF Formations of the Koolpin Formation and the Gerowie Tuff.
Koolpin formation outcrops known within the Pine Creek Project and interpreted as gold host rock in FSZ drill core.
Cosmo Howley deposit similar to 40Moz Homestake Deposit, South Dakota.
Region also contains small high-grade Cu-Pb-Zn VMS deposits.
FENTON STRADDLES TWO MAJOR GOLD-BEARING SHEAR ZONES
Limited DD drilling by Homestake identified new gold discovery
1996-1997 Homestake Gold conducted a regional scout drilling program looking for Homestake-style (40Moz – South Dakota) deposits
Significant results included:
11 diamond holes (totalling 4,708m) were drilled.
- 17m @ 0.74g/t Au from 610m (FEND 14)
- 55m @ 0.88g/t Au from 418m (FEND 18)
Incl. 20m @ 1.74g/t Au from 423m (max Au grade 8.55g/t Au)
“This hole (FEND 14) is considered to be the discovery hole of a large auriferous BIF-system”
– J.I. Stewart, Principal Geologist Homestake Gold Australia – Annual Report 1997