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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.
During the course of 2017, the company has conducted a number of aircore drilling campaigns at Feysville with the primary focus being targets along the Ethereal Shear Zone.
Towards the southern end of the zone, the company has identified a coherent +1 km long anomalous +200 ppb gold trend at the new “Think Big” prospect (refer yellow outline in map below). The trend encompasses a higher grade +1 g/t Au core that runs for approximately 200 metres along strike, with maximum results of up to 3.57 g/t Au (red outline).
A geologic map of the Think Big prospect is set out below.
The Think Big prospect represents a genuine bedrock target of significant size.
A reverse circulation drilling program to evaluate bedrock mineralisation at Think Big is planned for the third quarter of 2017.
For the latest information on the Feysville Gold Project, refer to the Investors page on this website.