Mt Fisher, Western Australia

Gold

Highlights:

  • Gold Mineral Resource of 1.0 Mt @ 2.7 g/t Au for 89,000 ounces contained gold
  • Several strong prospects, including the 7km long Dam-Dirks gold-in-regolith anomaly
  • Past production of 27,000 ounces of gold from the Mt Fisher gold mine
  • Plan announced to spin project out to Helios Gold (to be listed on ASX)

Mineral Resource & Exploration

The Mt Fisher project tenements host extensive gold mineralisation, with the overall target being a multi-million ounce gold deposit similar in style to the Bronzewing or Lawlers deposits.

Three parallel structures at the Dam-Dirks prospect define a 7km long gold-in-regolith anomaly which is largely untested at depth, and which already hosts the 54,000 ounce Damsel gold deposit. Diamond drilling has intersected multiple zones of gold mineralisation at the Dam Central prospect.

A total Measured, Indicated and Inferred gold Mineral Resource of 1.0 million tonnes grading 2.7 g/t gold for 89,000 ounces of gold at a cut-off of 0.8 g/t Au has been estimated at three deposits, Mt Fisher, Damsel and Moray Reef. Exploration is continuing on the company’s tenements.