Calarie gold project (100% Godolphin)
There are three tenements (EL8555, EL8580 and ML739) within the Calarie Project, covering an approximate area of 137 km². The tenements are located directly to the north of the township of Forbes.
The tenements are located within the Forbes-Parkes Belt, which hosts numerous medium to large scale Mineral Resources and historical and active gold mines including; London Victoria, Peak Hill and Alkanes Tomingley gold mine. There are also numerous historical workings throughout the tenement, especially around the historic mining centre of Calarie.
The area is prospective for gold, which is usually structurally hosted within sediments and on favourable lithological contacts.
Systematic recent exploration has occurred over the area by various parties since the late 1980s, ranging from geochemical methods, geophysics, through to drilling.
Prior mineral estimation work has been undertaken at Calarie by various companies, however, these estimations are not compliant with JORC (2012).
This area has a long history of mining, with the most significant being the London-Victoria gold mine and processing plant (which processed ore from the Mt Aubrey BHP open pits mined in 1990) located just to the north of the tenements.
In a more historical context, there are numerous workings located throughout the tenement, with major groupings of workings centred around the settlement of Calarie and the more modern London-Victoria Mine. All workings appear to be gold associated with a strong structural component.
Two main rock types exist within the Calarie Project are which are the: Ordovician Parkes and Nash Hill Volcanics (which host Northparkes porphyry copper deposit some 40 km north), and Intermediate volcanics of the Ordovician-Silurian.
The project area is contained within the north-south trending Forbes-Parkes Belt, which forms part of the larger Junee-Narromine Volcanic Belt. Deposits in the area are considered to be of a structurally hosted orogenic type.
There are no current reportable Mineral Resources located on this tenement.
All prospects identified lie within the Parkes Fault Zone. This zone contains a very concentrated cluster of mineralisation occurrences and historical workings. There appears to be two main grouping of occurrences within this zone – both related to northwest trending cross cutting fault zones.
The Calarie Project is considered to be the high priority walk up target, primarily due to extensive underground workings and the reported grades extracted. There is considerable evidence that the mineralisation extends below and along strike of the existing workings. In some cases, previous drilling has failed to intersect the prospective zones. Future drilling would have to be carefully targeted as it appears there are discreet lodes\shoots with a plunge component.
The prospects of Wattlegrove, Bald Hill and Pinehill occur along the same strong magnetic anomaly that hosts the Calarie deposit and hence the prospectivity is encouraging. Wattlegrove has reported some encouraging drill results which warrant further investigation. Combined with the potential of Bald Hill, due to the potential of structural traps and presence of chemically receptive limestones, the area directly along strike is considered prospective.
The timing of proposed exploration activities is dependent on gaining land access. If this is achieved, it is planned to commence soil sampling around the Wattlegrove, Calarie and McMilliams Trend areas and evaluate the potential for ground magnetic programs.