The Company’s Paupong Project represents a Major New Intrusion-Related (IRG) system discovery in the south eastern Lachlan Orogen of NSW. The intercepts of high grade Au-Cu-Ag shown in drilling results provides continuing evidence for a large polymetallic IRG style mineralisation.
The Paupong prospects lies within a N-NE trending belt of Ordovician Adaminaby Group sediments. The area has been subject to numerous orogenic and magmatic events, with crustal scale fault systems locally telescoping the emplacement of numerous (up to 15) porphyritic Intrusions.
These are broadly folded and metamorphosed between the Silurian Kosciuszko and Berridale Batholiths. Associated with these, multiple phases of NE to ENE-trending quartz ± sulphide veins outcrop up to 200-300m along strike, and range from cm stockwork systems to large 5-15m wide exposures. Vein-hosted Cu-Au mineralisation generally occurs within silty sandstones of the Adaminaby Group.
Prospects include The Kidman Paddock, Toms Vein, Telegraph and Windy Hill, Dons Hill, Madges and Blueys. The Company has undertaken drilling in 2015-16 with intercepts for Au,Cu, Ag, Co and Bi across the Kidman Paddock-Toms Vein area and Telegraph-Windy Hill prospects.
The Company has defined a strong pipeline of substantial exploration targets which it will test commencing in November. Drilling is underpinned by the NSW Government drill funding grant of $200,000.