Projects

Fourkoura Gold Deposit

Fourkoura gold deposit

Key points to the resource estimate at the Fourkoura gold deposit:

• Resource estimate of 5.9Mt @ 1.80g/t for 0.34Moz gold (at 0.9g/t cut off).
• Mineralisation remains open along strike and at depth.
• A large, high tenor geochemical anomaly along strike to the north identified for immediate follow up exploration.
• The majority of the resource has been drilled on 50m x 25m spacings and is now being in-filled to 25m x 25m spacings for Measured and Indicated categories.

The Fourkoura gold deposit is only 7 kilometres from the Nogbele gold deposit and proposed mill and gold processing plant.  The deposit is located on the intersection of a major shear corridor and a zoned dolerite intrusive believed to be similar in style to the Golden Mile dolerite in Western Australia.  The dolerite unit extends to approximately 5 kilometres of which only 50% has so far been drilled.  Gold mineralization is associated within single and multiple sub parallel shear zones with intense silica, magnetite and pyrite alteration and quartz veining within a felsic intrusive and the dolerite intrusive. 

Refer to map in Appendix 3 of ASX release 9/7/2012.