Great Southern’s new gold-rich tenure grows Cox’s Find project by 1300pc
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Great Southern has made applications over this highly prospective tenure in the ‘Duketon Belt’ which will increase the landholding contiguous to Cox’s Find by 1300 per cent.
The ground includes over 12km of clearly identifiable mineralised structures, which act as conduits or fluid pathways for gold.
These structures host both the 1.9 million ounce Garden Well and 800,000oz Rosemont gold deposits currently owned and operated by miner Regis Resources (ASX:RRL).
Three of these mineralised structures also strike through the new tenements under application.
A site visit and interpretation of magnetic, geological, geochemical and drillhole datasets by Great Southern resulted in four highly ranked target areas called Erlistoun Queen, Golden Boulder, Thocklewurst and Amy Clarke.
The high priority Erlistoun Queen trend is defined by a multi-lined set of historic workings that consists of over 50 shallow shafts.
Between 1901 and 1955 these shafts pulled up a reported 1,915 tonnes at 28.6 g/t gold for 1,761 ounces of gold.
Mineralisation can be traced for 700 metres, is ‘open’ along strike and has not been tested at depth.
This is a compelling target area, Great Southern chief exec Sean Gregory says.
“These tenement applications are considered highly prospective following a comprehensive inhouse review,” he says.
“The Erlistoun Queen trend has had no systematic deep drilling on it whatsoever, which is remarkable considering just how many deposits in the Duketon Belt are found along these conspicuous mineralised structures.
“We are also interested in what has come to light from the previous soil survey which produced kilometre-scale targets positioned under cover that have seen no follow-up exploration.
“The geological team are very keen to follow-up on these newly identified targets as soon as the tenements are granted.”
This article was developed in collaboration with Great Southern, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.