Erlistoun

ith the discovery of Garden Well the Company re-optimised the Reserve study at Erlistoun to reflect the shorter haulage distance to Garden Well rather than trucking the ore to Moolart Well. The re-optimisation also included additional drilling results done at Erlistoun since the maiden Reserve announcement.

The following table details the updated Reserve statement at the Erlistoun gold deposit:

The Erlistoun gold deposit is located in the Duketon Greenstone Belt (DGB) in the north-eastern sector of the Eastern Goldfields Superterrane of the Yilgarn Craton. The deposit lies approximately 45 kilometres south of the Moolart Well processing plant and 7 kilometres from the Garden Well Gold Project.

 

Gold mineralisation is hosted in a tonalite intrusion up to 250 metres in true width, trending NNW-SSE with a steep west dip. The mineralisation is confined to west dipping quartz veins that strike NNW. The veining appears to dip steeply (~60o) in the south of the deposit and becomes less steep moving north (~30o). In the northern section of the lease the main quartz body dips at around 30o and veers east, leaving the northern edge of the lease at a NNE strike. The morphology of the vein system is thought to be a set of steeply west dipping veins, possibly fed by a shallow dipping shear/main vein structure.