Gold Targets

In addition to the iron ore potential, folded BIFs represent highly favorable gold targets hosting some of WA’s richest gold deposits (e.g. Sunrise Dam and Mt Magnet). The potential for these BIFs to host gold exists at fold nose positions in particular, where increased deformation can be expected. Gold is chemically trapped in the BIF’s but structurally focused as high grade shoots in fold nose positions where units thicken. This model is supported by anomalous soil sample results from historic exploration coincident with anomalous rock chip assays from sampling conducted by Base, in an area where the BIFs are structurally disrupted (Figure 4). These rock chip assays included a best Au result of 123ppb.

A series of gold targets have now been refined for further exploration (Figure 4) with a drilling program that would also test the co-incident iron targets.