Gold – Copper – Zinc Focus
The Bonaventura Project contains several historic artisanal mines for zinc, lead, copper, gold and silver that were worked at various times up to the 1920’s.
Soil-sampling over the Bonaventura Project has been completed with zinc anomalism following the strike of the regional Cygnet-Snelling Fault.
The Vinco Target, which is situated 1,500m along strike from Grainger target, has previously been survey using high-resolution aeromagnetics, including induced polarisation (IP) and gravity surveys.
The IP survey interpretation over the Dewrang target identified two-highly chargeable anomalies at approximately 200m depth over a strike length of over 400m. Anomalies indicate potential for the presence of high-grade base-metal sulphides, making Dewrang a high-priority area for exploration.
In addition to the base metal targets, the Kohinoor target remains highly prospective for gold mineralisation, with historic composite samples taken from the first level of the main historic workings.
The maiden drill programme was initiated at the first planned drill-hole location at the Dewrang Target where the Company’s recent IP survey identified a robust chargeability anomaly that sits between 150 – 200m depth and continues over a strike of at least 1.5km. The programme will comprise 2,500 metres of diamond drilling.
High-grade zinc mineralisation intersected by historical drilling will be targeted at the Grainger Target, whilst a shallow chargeability anomaly identified at the Vinco Target, interpreted to be a possible extension of the Grainger Target, will also be tested. The Kohinoor Target, comprising high-grade gold-quartz vein mineralisation which assayed up to 33.3g/t Au and which was the focus of historical artisanal mining, will also be drill tested by the maiden drill programme.