Andash Gold-Copper Project

Burnakura Gold Project

Jervois Base Metal Project

Andash Gold-Copper Project

Burnakura Gold Project

Jervois Base Metal Project

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Burnakura Gold Project

  • 100% interest
  • Located 50km south of Meekatharra, WA
  • 47.5 km2 gold prospective tenements of pre-1994 granted mining leases
  •  Initial Gold Resource of over 500,000oz for Burnakura Gold Project, WA
  • High grade component of 3.2Mt @ 2.9g/t for 298,000oz
  • Mineralisation remains open at depth
  • Resource upgrading & feasibility study targeting gold production mid 2012
  • Open pit historic production of 216,250 oz (1.8 million tonnes at 3.8 g/t)
  • Open pit production ceased in 1998 when the gold price fell below A$440 per oz
  • Underground production of 50,637 oz (264,731 tonnes at 5.95 g/t)
  • 160,000 tpa CIL gold plant
  • Refurbished ninety-person camp, offices and workshops
  • Recently purchased Indee Heap Leach Plant
  • Forecast to commence gold production mid-2012

Inferred Resources

  0.5 g/t Au cut off 1.0 g/t Au cut off 1.5 g/t Au cut off
  Mt Au g/t Au koz Mt Au g/t Au koz Mt Au g/t Au koz
NOA 5.3 1.8 307 3.4 2.4 262 2.2 3.0 212
Alliance 1.9 1.3 79 0.8 2.0 51 0.4 2.7 35
Lewis Reward 1.2 1.1 42 0.4 1.8 23 0.2 2.3 15
Authaal 1.2 1.2 46 0.4 2.0 26 0.2 2.8 18
Federal City 0.4 1.7 22 0.2 2.7 17 0.1 3.7 12
Banderol 0.6 1.0 19 0.2 1.5 10 0.1 2.1 7
Total 10.6 1.5 516 5.4 2.2 390 3.2 2.9 298

Exploration Potential

A program of RC and diamond drilling is planned to commence in the September quarter to increase confidence in resource estimates. Although the historical drilling is commonly closely spaced in the resource areas, the planned drilling includes twinning selected historical holes and density measurements of diamond core to confirm reliability of historical data. This initial program will focus primarily on deposits south of the NOA pits including Alliance and New Alliance.

Alliance drilling, pit crests and resource domains at 430 mRL

Although the immediate focus is on upgrading the existing resource, there is significant potential for additional high grade mineralisation especially on the NOA line of deposits.  Figure 4 highlights where existing drilling has intersected the mineralised domain. There are significant gaps in existing drilling and potential to extend mineralisation along strike and down dip that will be the target of future drilling programs.

Long section through NOA pits highlighting midpoints of mineralised domain from historical drilling

As previously announced, a reconnaissance air-core drilling program, is planned to test the potential for repetitions of the NOA style mineralisation in a highly prospective and as yet un-drilled area north of the existing NOA pits. Drilling commenced in September 2011.

Burnakura Gallery