Previous exploration indicated the potential for a significant gold resource presence at the Mount Adrah properties and in particular, the Hobbs Intrusion-Related gold system (IRGS) deposit which should enable Sovereign Gold to rapidly deliver resource growth and leverage off its experience exploring for IRGS in New South Wales.
Mt Adrah project holds quality tenements around areas of known historic gold occurrences.
Mt Adrah’s neighbours include World Class Gold mines
The Mt Adrah prospects are approximately 17km north-west of the township and old gold mining centre of Adelong, in central western NSW. Situated on the Gilmore Suture, Mt Adrah is in a well positioned and favourable regional setting for world class gold mineralisation. The Gilmore and associated Sutures have a proven history of gold world class mines owned by major gold producers, including:
Hobbs Pipe 1: Measured, Indicated and Inferred JORC Resource
Hobbs Pipe, Vertical Gold Mineralisation ~1km
Development Plan - Low Capex Open cut
Discover Further Pipe Intrusives & High Grade Reefs
Multiple Potential High Grade Reef Systems
High Grade Gold-bearing Structures
Best high-grade intersection of 10m @ 17.7 g/t Au From 506m downhole (GHD009), beneath high grade workings
The presence of high grade gold-bearing strucures proximal to the Hobbs intrusion-hosted gold mineralisation adds a significant dimension to the potential scale and economics of the project.
White Deer Reef, Visible Gold
Additional Quality Targets
Potential to Discover New Gold-bearing Pipes - Nacki Nacki Eluvial Field
Bangadang High Grade Reefs
Sampling Historic Gold Workings 2015
29.8 g/t Gold: Old working developed on narrow quartz-sulphide veins in the metasediments enclosing Hobbs Pipe. The significance of the existence of narrow, high grade gold zones in the overburden of the potential open cut portion of Hobbs Pipe will be investigated.
51.3 g/t Gold & 20.8 g/t Silver: Historic Mine Breccia Lode 3, Bangadang area
36.8 g/t Gold: Historic Mine Comedy King 2, Bangadang area
24.9 g/t Gold: Historic Mines Nacki Nacki Eluvial, Bangadang area.
last updated 30/05/2016