Gold River: highly prospective tenements in the Pilbara Basin covering 243 km2, including:
- E47/3958, covering 205 km2, abut Pacton Gold (TSXV: PAC) to the west and are north of Novo Resources (TSXV: NVO) conglomerate gold portfolio. Locally, E47/3958 is 7 km to the north of De Grey Mining’s (ASX: DEG) Withnell Mining Centre that hosts over 445,000 ounces (“ozs”) of Au (Measured & Indicated) with 429,000 ounces of Au (Indicated). There is a prospective quartz vein in the centre of the property that can be traced for over 400 metres at surface with evidence of artisanal gold mining.
- E45/5180, covering 6 km2, abuts Novo Resources tenement to the northwest and is adjacent to Novo Resources’ Talga Talga Mining Centre. The historic workings at Talga Talga were mined until 1940 with 1,614 ozs of gold from 1,432 tonnes of ore for an average grade of 35.1 grams per tonne of Au (ASX:TLG – Talga Gold Limited Prospectus).