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 Radio Project Aeromagnetics (Enlarge) |
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The Radio Project is an advanced high-grade gold project located in the Bullfinch region of Southern Cross, Western Australia. The project contains semi-contiguous tenements covering an area of approximately 510km2. Gryphon Minerals owns the majority of the project area 100%, including the historic Radio gold mine. The project abuts the +1 million ounce Copperhead gold mine and contains the Radio gold mine, which historically produced over 71,000 ounces of gold at 38.5g/t. The project area is highly prospective for large tonnage, multi-million ounce gold deposits as well as smaller high-grade gold deposits.
The Southern Cross Greenstone belt is a world class, gold producing belt with mines such as Marvel Loch, Yilgarn Star, Golden Pig, Nevoria and Copperhead having collectively extracted over 10 million ounces of gold and containing an estimated further 3 million ounces in resources.
There is potential for the historic Radio mine to host a high-grade mineable ore body, as there appears to be a series of “stacked” mineralised quartz veins within a low angle thrust system that have seen very little drill testing. Drilling by Gryphon Minerals has intersected significant mineralisation both along strike and down dip from the previously mined areas at Radio, with intersections up to 1m @ 27.5g/t Au, 1m @ 16.40g/t Au and 1m @ 10.70g/t Au. During the 2007/08 year shallow RC drill results include 4m @ 6.75g/t Au from 32m & 4m @ 3.20g/t Au from 48m along strike from the historic Radio gold mine.
Numerous regional exploration targets exist throughout the project area. These targets include the Derwent Jack Prospect with historical drill results of 1m @ 39g/t Au and 1m @ 12g/t Au, and the Lady Agnes Prospect with rock chip results of 109g/t Au, 34g/t Au and 26g/t Au.
Gryphon Minerals has undertaken detailed geological, geophysical, geochemical mapping and drilling programmes at the Radio Project, from which new areas have been highlighted as potentially significant for hosting gold, nickel, base metal and iron ore and uranium mineralisation.
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