Watch the Exploration Update and learn more about the Reward Gold Prospect and the evidence supporting the compelling electromagnetic target. (3min)
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HIGHLIGHTS
- Recently completed moving loop electromagnetic (EM) survey at Reward defines a compelling drill target beneath high-grade polymetallic Cu-Au-Ag-Pb-Zn mineralisation
- Recent rock chips and review of historical drilling suggest the Reward Prospect is a gold-rich polymetallic massive sulphide system associated with a NW-SE structure and quartz veining
- EM target extends for over 1.3km and increases in conductivity to the north past the current survey boundary
- EM target is largely untested by shallow historic drilling
- Recent significant rock chip results at the Reward Copper-Gold Prospect include:
- RR24-115 – 19.5% Cu, 3.15g/t Au and 2,090.0g/t Ag
- RR24-116 – 19.6% Cu and 12.2g/t Au and 785.0g/t Ag
- RR24-114 – 13.8% Cu and 19.4g/t Ag
- Results from two diamond holes at the Scimitar Prospect intersected thin polymetallic mineralised veins dominated by lead, zinc and silver
- It is unclear if the EM target was intersected in drilling, with downhole EM planned in the coming weeks
Our ongoing program of geophysical surveying at Reynolds Range has identified a compelling EM conductor beneath the outcropping high-grade polymetallic mineralisation at the Reward Gold Prospect. Extending for over 1.3 km and increasing in strength to the north beyond the current survey boundary, the target sits below the bulk of historic drilling and remains largely untested. High grade Cu-Au-Ag-Pb-Zn mineralisation in historical workings provide direct evidence for massive sulphide style mineralisation as the source
— Managing Director Mike Schwarz
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