Ravenswood North Project (Gold & Copper) - Queensland
In a snapshot
- The project covers 660km2 of the prospective Ravenswood-Charters Towers gold corridor.
- Gold endowment in the region totals 28 million ounces within 60kms of the project.
- Killi identified a significant 1.5km2 surface gold soil anomaly at the ‘Rocky’ prospect and completed the first 12 drillholes ever into the anomaly on a 300m x 300m grid spacing.
- Initial results 10m @ 0.66g/t Au, including 7m @ 0.77g/t Au from 174m, as well as thick zones of silver mineralisation, 75m @ 0.25g/t Au.
- Surface mapping and further evaluation of geochemistry has been completed to assist with future drill programs on the project.
The Project consists of six granted EPMs in the Charter Towers- Ravenswood region of Queensland. The licence package is prospective for Devonian to Permian-aged intrusion related gold deposits, such as the Ravenswood goldfield (10Moz Au), Kidston (4Moz Au), Mt Leyshon (3Moz Au), Mt Wright (1.5Moz Au) and Reward (0.2Moz Au) deposits.
Geology
The basement for the Ravenswood North Project area consists of metasediments of the Charter Towers Metamorphics. The sedimentary sequence has been deformed into regional scale open folds trending west-northwest, parallel to the main fault fabric.
Throughout the Province several high-level intrusive complexes have intruded these sediments and concentrated magmatic fluids along the contacts. The intrusive centres are commonly mineralised with gold, and include the likes of Kitty O’Shea, Golden Valley and Mount Success, which are in close proximity to the tenements.
Mineralisation
Rocky prospect contains two prominent northeast trending structures known as the Keelbottom and Mt Success lineaments and are interpreted as regional linking structures or cross faults. Mapping has identified quartz veining at surface, and rock chip samples have returned anomalous gold at surface up to 17.4g/t Au.
Soil sampling has delineated a large high-grade gold anomaly at Rocky. 12 drillholes have been completed to date on a 300m x 300m grid, from two drill campaigns. The first campaign consisted of 6 drill holes, with all six holes returning gold anomalism.
