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The Feysville Project is located in Australia’s premier gold belt, just 14km south of the giant Golden Mile deposit (70Moz) at Kalgoorlie. The belt extends for some 100km along a NNW strike, and takes in major gold deposits at New Celebration (3Moz), some 10km south of Feysville, and the large St Ives field (+15Moz) 30 to 60km to the south. Numerous other economic gold deposits have also been discovered.
Gold deposits along the belt are contained within a major structural corridor centred on the Boulder Lefroy fault, which controls regional uplift and folding of a lower sequence of mafic-ultramafic rocks (purple and green) surrounded by an upper sequence of volcano-sediments (blue and yellow). Feysville contains the lower mafic-ultramafic sequence of rocks in the core of the project area, with the Boulder Lefroy fault interpreted to pass along the western flank of the project.
In late 2016, a ground magnetic survey identified a new shear zone of more than 7km in length, referred to as the Ethereal Shear Zone.
The Feysville Project is currently interpreted to host a number of interesting Prospects:
At Rogan Josh, an at-surface target of size range 300,000 to 350,00 tonnes at 2.0 to 2.5 g/t Au is currently interpreted.
At Kamperman, an intercept of 13 metres at 8.31 g/t Au from 24 metres to the bottom of hole has been recorded.
At Ethereal, intercepts of 10 metres at 9.1 g/t Au and 6 metres at 9.76 g/t Au have been recorded.
At Dalray, an intercept of 6 metres at 9.08 g/t Au has been recorded.
However, the target of most interest at the current time is the Think Big prospect situated on the Ethereal Shear Zone.
Think Big was the subject of three aircore drilling campaigns in 2017, at the conclusion of which, the prospect was interpreted as being more than 1.6 kilometres in length as defined by a 100 ppb gold contour.
Think Big was subsequently the subject of a first-round RC drilling program of 18 holes drilled over 500 metres of the 1.6 km long prospect.
Leached Archean basement, typically 20 to 30 metres in thickness, is present beneath a 1- to 2-metre veneer of lake clay cover.
At the saprolite-bedrock transition, a consistent 50- to 100-metre wide, 1- to 8-metre thick blanket of sub-horizontal supergene gold mineralisation is present. Grades vary widely but are as much as 30 g/t Au at one location.
Situated immediately beneath the supergene zone is a primary bedrock mineralisation target of up to 50 metres wide with individual zones of typically five to 20 metres width of low- to moderate-grade mineralisation.
At the bottom of the deepest hole at around 185 metres, the zone assayed 11 metres at 3.18 g/t Au, with the end-of-hole one metre sample assaying 3.45 g/t Au.
For the latest information on the Feysville Gold Project, refer to the Investors page on this website.