Located approximately 50km north of Kalgoorlie on granted Mining Leases, the Eureka Gold Project is a high-grade asset with strong potential for walk-up drill targets surrounded by established mining infrastructure including several operating mills.
The strike and depth extents of the Eureka mineralised system are yet to be fully tested and present significant scope for the discovery of additional shallow mineralisation in a strongly endowed mineral terrain.
Mineralisation at Eureka is hosted within basalts and is contained with a zone of shearing and foliation with quartz veining containing quartz, carbonate and low amounts of sulphides with some visible gold.
The historical open pit at Eureka, which measures 120m deep by 300m long, was developed on a series of lens-shaped shoots up to 10m wide within an intensely sheared zone some 30m wide. The mineralisation is subvertically dipping and strikes in a north-south orientation with several offsets and splays.
Previous and historical drilling at the Project has defined a combined Inferred andIndicated Mineral Resource of 43,100 ounces of gold.
Initial exploration at Eureka will focus on the expansion of existing mineralisation below the current open pit and testing the structure to the north and south of the pit. The addition of adjacent prospecting licence P24/5116 to the project land holding opens up new exploration opportunities and allows flexibility to expand the current pit.