Projects

Bumbaldry Project JV

Overview (earning 90%)

  • Granted Exploration Licence of 140.9km surrounding Broula Mine.
  • Joint Venture with Broula King to earn in 90% within 3 years.
  • Previous production from Broula King Mine of 186kt at 2.50g/t gold, including 5kt @ 18g/t, as well as 270t at 7% Cu from the Cowfell Copper Mine.
  • Prospective for low sulphidation epithermal Au-Ag deposits.
  • ~100km south, Newmont recently farmed into Legacy Minerals’ Bauloora Epithermal Gold Project via a $15m JV, a similar style and age to Bumbaldry.
  • Similar features to Evolution Mining’s 11moz Cowal Gold, ~100km west.

Bumbaldry Project Details

Multiple untested gold & copper bearing prospects:

  • BK229 intersected 32m @ 0.57% Cu from 10m (including 9m @ 1.04% from 21m) north of Cowfell Mine Main shaft & a priority for follow up drilling.
  • High grade gold intercept beneath Broula King pit (BK221) intersected 1m @ 19.7g/t from 17m.

Hosted in the Silurian rhyodacite Illunie Volcanics which are similar age to the volcanics that host the Legacy Bauloora Au-Ag-base metal mineralisation.

Immediate Exploration within 6 months of IPO:

  • Aeromagnetic processing
  • Soil samples
  • Induced Polarisation Survey
  • RC Drilling Programme
Broula King Gold Mine and Cowfell Copper Mine
Map of EL8509
EL8509 Prospect locations
OUR DETAILS
  • ABN: 90 658 603 966
  • Level 6 22 Pitt Street Sydney NSW 2000
  • Contact us
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