CHESTERFIELD GOLD PROJECT – WESTERN AUSTRALIA GOLD MINING LEASE

– Prospecting Licence covering 125 hectares (P51/2950).

– Located in the eastern goldfields of Western Australia, 50km west of Meekatharra with access via the Carnarvon-Meekatharra Road.

– The Chesterfield Gold Project area covers a portion of the Mingah Range greenstone belt. It lies on the western limb of a major syncline comprising tightly folded Youanmi Terrane greenstones and metamorphosed volcanic rocks of the Polelle Group, including mafic-ultramafic lithologies of the Meekatharra Formation and felsic lithologies of the Greensleeves Formation.

– Gold is hosted in quartz veins and stockwork veining. It also occurs as alluvial nuggets often concentrated in the surface drainage channels.

– Includes the historic Gift and Chesterfield West 2 gold workings.

– Recorded production (from historic workings) of 2 tonnes of ore returned 766 grams of gold for an average grade of 383 g/t.

– A limited “doze and detect” survey was conducted in May 2016 resulting in 105 grams of gold nuggets.

This Prospecting Licence would be a valuable asset to any tenement portfolio. Exploration of the area has been limited as it has been held by a private tenement owner since 1987, providing an excellent opportunity for extensive investigation of potential targets. The occurence of alluvial deposits may also make it suitable for a small surface mining project.

Please contact us if you have any questions or require any additional information.

First listed on Gumtree on 02/02/2017

Find listing at: https://www.gumtree.com.au/s-ad/meekatharra/other-real-estate/chesterfield-gold-project-western-australia-gold-mining-lease/1137824758