The Company’s Paupong Project is a major new Intrusion-Related (IRG) system discovery in the south eastern Lachlan Orogen of NSW. The intercepts of high grade Au-Cu-Ag-Pb and Zn 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.
Mineralisation occurs in prospect areas covering 60 square kilometres of exploration ground including Kidman, Toms Vein, Telegraph and Windy Hill, Dons Hill and the newly discovered Lone Ranger . The Company has undertaken drilling in 2015, 2016 and 2017 with high grade intercepts from deeper diamond drilling for Au, Cu, Ag, Pb and Zn up to;
2.90g/t Au, 3.9% Cu, 184g/t Ag, 4.09% Pb and 1.03% Zn
The Company has defined a strong pipeline of substantial exploration targets which it will test commencing in November. Exploration at the Paupong IRG system discovery has been strongly supported by the NSW Geological Survey, ANU university and the Federal Government through various grants, studies and research and development incentives.