Albury Gold
The Albury Gold Project
The Albury Gold Project is Aureus Mining Limited's prospective exploration project is situated 30km from the town of Albury in the Lachlan fold belt, NSW. The asset consists of four tenements (EL - 6281, 7544, 8473, 8467) with ~400,000oz Au (JORC 2012) and significant exploration targets.
Overview
The Albury project is a strong asset with significant exploration upside in a prospective and well recognised gold province of Australia. The project at this stage consists of four tenements and 3 defined deposits - Stoney Park, Elm Park, and Traist.
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Commercially, previous geological modelling and financial assessment of combined inferred resources have shown that the total inferred resource may have an NPV (2018) of AUD 27 million to AUD 73 million at a cut-off grade of 0.3 g/t Au. This is assuming only production of the Traist prospect.
LOCATION
- Located in the Riverina District of NSW
- 10km from Howlong
- 30km for Albury
EL7544 - STONEY & ELM PARK
- JORC Stoney Park - 0.86Mt, Au 2.75g/t, 72,000oz Au, 2.32g/t Ag, 61,000oz Ag
- JORC Elm Park -2.31Mt, 1.43g/t, 82,000oz Au, 1.01g/t Ag, 63,000oz Ag
- Elm park contains gold corridors ranging from 20m to 150m
EL6281 - TRAIST
- Minerals Australia carried out all exploration on the tenement from 2013
- JORC Traist_ 8.64Mt, Au 0.88g/t, 244,000oz Au, Ag 7.27/t, 2,046,000oz Ag
Geology & Exploration
Traist (EL6281)
- Located in the southern part of the Lachlan Fold Belt.
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- The geology consists mainly of undifferentiated Ordovician metasediments and phyllites (Os) which are intruded in the north by the Devonian Jindera Granite.
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- Previous exploration across EL6281 includes geological/geophysical interpretation of GoogleTM satellite imagery, soil sampling, ground magnetic surveying (135Km line at 10m line spacing), gravity surveying (51 stations) aircore drilling (34 holes for 908m), RC drilling (39 holes for 4676m), and core drilling (18 holes for 5,503m)
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- Exploration drilling has identified a large zone of low sulfidation veins and breccias containing relatively low grade gold-silver-base metals adjacent to an altered and gold mineralised porphyry intrusion in EL6281.
Stoney & Elm Park (EL7544)
- Located adjacent to Traist in the southern part of the Lachlan Fold Belt in NSW.
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- Similarly to Traist, the geology consists mainly of undifferentiated Ordovician metasediments and phyllites (Os). These are intruded on the east side of EL7544 by the Devonian Jindera Granite.
- Exploration across the two deposit has included helicopter-borne magnetic and radiometric surveying, soil sampling, interpretation of google satellite imagery, and RC drilling (32 holes for 2335m at Stoney Park, 34 holes for 6447m at Elm Park)
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- Exploration drilling has identified system of thin (< 1m), steeply-dipping quartz veins with a strike length of 2.24 km in EL7544. The actual veins contain relatively high gold grades which are diluted when sampled over 1m intervals.
EL8473 & EL8467
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These tenments have been recently granted and will require a scouting exploration program.
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The results of the google satellite imagery study identified 8 further further exploration targets for porphyry-style gold mineralisation