Source : THE AGE NEWS
The Murchison region of Western Australia’s Murchison area, 70 kilometers west of Cue, is home to the highly regarded Mindoolah gold project.
The early 1900s saw an eye-watering average grade of 19.02 grams per tonne ( g/t ) gold for more than 5700 ounces.
Miners were confined by water and detail at the time, with works ending at the 20-meter level. In other words, they only scratched the surface of the modern-day adventurers who use rig, geophysics, and modeling program.
About 100 flat kilometers of very prospective greenstone are covered by the tenure package, which is essentially underexplored and covered in shallow cover.
We are concentrating on high-grade golden opportunities within well-known mineralized corridors.
Graham Gadsby, managing chairman of King River Resources
There is still plenty of blue-sky ability, but management believes the true origin of the historically high-grade reefs has never been properly identified using current geophysics, ultra-sensitive ground geochemistry, or organized drilling.
Numerous gold occurrences in stone chips and protrusion quartz veins along hit from ancient workings and pits at Mindoolah serve as excellent walk-up chisel targets.
At one idea in the 1980s, 4m grading 9.3g/t platinum from 33m and 4m marking 8.85g/t gold from 32m, sit silently beneath aged workings. These visits suggest that deep-sea unused silver lodes exist.
At a second idea, dubbed Excelsior Southeast, glass spirit sampling 120 meters from the major trap, a high-grade gold tunnel picking averaging 6.08g/t gold was noted, while at a second prospect, dubbed Excelsior Southeast, quartz vein sampling averaging 6.08g/t gold was discovered.
At the local Bertrams and Le Soliel leads, there are numerous rock chips that exceed 15 grams per t metal.
Graham Gadsby, managing chairman of King River Resources said: “Our mandate is clear: we are zeroing in on high-grade gold opportunities within proven mineralised corridors where we can deploy our expertise to create value rapidly. The project’s historical production grade of 19.02 g/t Au is a testament to the exceptional quality of this mineralising system. The fact that high-grade intercepts such as 4m @ 9.30 g/t Au remain unmined at shallow depths represents a compelling opportunity that has been overlooked for decades.”
With a variety of Archaean rock types current, Mindoolah ticks all the boxes gold pioneers love. The Youanmi Terrane, a huge monzogranite system that encircles the task, features basaltic volcanic rocks, banded metal establishment, and amphibolite.
Within and around this incursion, quartz corals and stockworks that range in length from one to five meters wide, which have produced numerous high-grade payments throughout the Murchison, including Big Bell, Day Dawn, and Blue Bird.
King River has a$ 200,000 exclusive option under the terms of the agreement, which also grants the right to purchase the project for$ 600,000 in cash. The solution may become exercised at any time prior to June 30th, 2026, when it expires.
Mindoolah resembles a traditional restoration tale. If current tools can make a forgotten goldfield accessible to those who were first miners had not attain, King River might have just dusted it off and given it a very contemporary next life.
Is your ASX-listed business engaged in a noteworthy endeavor? Email: mattbirney@bullsnbears.com. . AU
