Belt scale greenfields
discovery opportunity
in NSW
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Greenfields gold project
The Koonenberry Gold Project is located in north-western NSW, approximately 160km north-east of the major mining and cultural centre of Broken Hill and 40km west of the opal mining town of White Cliffs.
The Koonenberry Gold Project is situated in an emerging and underexplored gold province with geology analogous with that of the Victorian Goldfields, in particular the 5Moz Stawell Gold Mine.
Since listing on the ASX in September 2021, the Company has advanced several Prospects to drill ready status and is starting to unlock the potential of the Project using a systematic mineral systems exploration approach.
Highly Prospective geological setting
Geology at the Koonenberry Gold Project is highly prospective. Independent research of the structural framework, stratigraphy, timing of deformation, metamorphism and mineralisation support this conclusion.
Bellagio Gold Prospect with 39.4g/t Au in outcropping quartz veins and 10m @ 1.61g/t Au from Air Core drilling in bedrock.
Atlantis Copper-Gold Prospect with 15.3% Cu and 0.84g/t Au in outcrop. This 6.5km long Cu-Au-As-Sb-Pb-An has never been drill tested.
Pipeline of quality Prospects and Exploration Targets have been identified >34km of gold in soil anomalism and several drill-ready Prospects.
Early-mover in emerging orogenic gold province
ACCESS
Exploration licences in good standing, land agreements in place and in progress. Environmental approvals and native title extinguished. Easy access by major roads, available regional infrastructure.
Opportunity
Early-mover with dominant position in sought after belt. The Company is targeting +5Moz gold deposits similar to the Stawell Gold Mine in Western Victoria. Early indications suggest that gold bearing fluids were present within the host rocks.
Drill ready
Residual and/or thin cover facilitates effective surface exploration with >34km of gold in soil anomalies defined, most of which have never seen a drill rig.
SIZE
The Company controls ~45km strike of the first order Koonenberry Fault and ~350km strike of second order splay faults with the potential to host Multi Million ounce gold deposits. Gold nuggets have been found over a 200km2 area.
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