australia's identified mineral resources 2005 - Geoscience Australia
australia's identified mineral resources 2005 - Geoscience Australia
australia's identified mineral resources 2005 - Geoscience Australia
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AUSTRALIA’S IDENTIFIED MINERAL RESOURCES <strong>2005</strong><br />
■<br />
At Mungana in north Queensland Kagara Zinc Ltd reported an intersection of 58 m of 4.12g/t Au<br />
(including 26 m at 8.3 g/t Au within a broader zone of lower grade of 179.7 m at 1.76 g/t Au)<br />
porphyry gold <strong>mineral</strong>isation with a known strike extent of 190 m. Drilling outside of the current<br />
published gold resource at Mungana has established a significant extension of the known<br />
porphyry gold system.<br />
■<br />
Republic Gold Limited’s successful drilling program at its Northcote project in the Hodgkinson<br />
Basin in northeast Queensland saw 85% of 80 holes intersect <strong>mineral</strong>isation. Significant intercepts<br />
include 5.7 m @ 3.32 g/t Au, 8.0 m @ 3.58 g/t Au and 3.0 m @ 3.59 g/t Au.<br />
SOUTH AUSTRALIA<br />
■ Exco Resources NL reported and initial resource for the White Dam deposit located some 100 km<br />
northeast of Woomera, of 258 000 ozs of which 199 800 ozs are oxide <strong>resources</strong> in the top 30 m<br />
of the deposit. The resource (indicated and inferred) is 7.39 Mt @ 1.09 g/t Au.<br />
■<br />
Dominion Mining Ltd reported intersecting high-grade <strong>mineral</strong>isation in drilling to test the M2 and<br />
M3 lodes at the Challenger mine, which are outside the currently defined reserves. Intersection<br />
reported included 15 m @ 16 g/t Au, 2 m @ 92.3 g/t Au, 3.45 m @ 1018 g/t Au and 5.85 m @<br />
23.6 g/t Au.<br />
TASMANIA<br />
■ TasGold Limited intersected low grade gold <strong>mineral</strong>isation in altered granodiorite at the Potoroo<br />
prospect in northeast Tasmania. An intersection of 106.5 m @ 0.19 g/t Au included a higher grade<br />
interval of 6.9 m @ 1.8 g/t Au.<br />
VICTORIA<br />
■ Bendigo Mining Ltd announced a major upgrade in <strong>resources</strong> at the New Bendigo project at<br />
Bendigo. The nuggetty nature of gold at Bendigo has meant that, until now, the company has<br />
not been able to report a comprehensive resource estimate because of difficulties in establishing<br />
confidence in the estimates. Following extensive sampling and assessment work, in December,<br />
they were able to announce an inferred resource of 23.5 Mt @ 14.5 g/t Au for 11 M ozs of gold.<br />
This is additional to the previously announced indicated resource of 0.72 Mt @ 10 g/t Au for<br />
236 000 ozs.<br />
■<br />
Continuing exploration by Ballarat Goldfields NL at the Ballarat project yielded more high-grade<br />
intersections including 5.3 m @ 7.2 g/t Au, 2.8 m @ 17.5 g/t Au and 2.4 m @ 11.6 g/t Au. Visible<br />
gold is present in many of the high-grade intersections.<br />
■<br />
Perseverance Corporation reported the discovery of the Wirrawilla <strong>mineral</strong>isation at its Fosterville<br />
project east of Bendigo. Wirrawilla, which is under alluvial cover, returned intersections of 10 m<br />
@ 2.9 g/t Au, 4 m @ 1.3 g/t Au and 6 m @ 1.4 g/t Au.<br />
34<br />
■<br />
■<br />
MPI Mines Ltd continued resource definition at the Golden Gift deposit at Stawell. Drilling<br />
successfully extended <strong>mineral</strong>isation and encountered strong intersections including 44.1 m @<br />
11.4 g/t Au, 34.2 m @ 8.0 g/t Au and 1.1 m @ 28.7 g/t Au.<br />
To the north of the Stawell operation, MPI Mines Ltd continued work on the Kewell and<br />
Wildwood projects. Results from Kewell included 6.3 m @ 10.2 g/t Au, 6.0 m @ 3.0 g/t Au and<br />
1.4 m @ 17.6 g/t Au. At Wildwood results included 6 m @ 4.62 g/t Au, 8 m @ 1.45 g/t Au and<br />
8.5 m @ 3.6 g/t Au.<br />
WESTERN AUSTRALIA<br />
■ The discovery of the Lord Henry and Lord Nelson <strong>mineral</strong>isation near Sandstone was<br />
announced by Troy Resources NL. Lord Nelson has shallow oxide <strong>mineral</strong>isation with intersections<br />
including 10 m @ 7.90 g/t Au from 20 m, 7 m @ 38.60 g/t Au from 48 m and 17 m @ 19.50 g/t Au<br />
from 58 m. The Lord Henry <strong>mineral</strong>isation is also close to the surface and intersections included<br />
5 m @ 6.40 g/t Au from 5 m, 5 m @ 6.40 g/t Au from 22 m and 3 m @ 15.4 g/t Au from 32 m.