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.
Reserve
The breakdown of the current reserve (31 March 2015) is as follows:
| Category | Tonnes (Millions) | Gold Grade (g/t) | Contained Gold (Ounces) |
| Proven | - | - | - |
| Probable | 3.8 | 1.48 | 181,000 |
| 3.8 | 1.48 | 181,000 |
Notes: 0.5 g/t Au lower cut off grade. Rounded to two significant figures.
Resource
The breakdown of the current reserve (31 March 2015) is as follows:
| Category | Tonnes (Millions) | Gold Grade (g/t) | Contained Gold (Ounces) |
| Measured | - | - | - |
| Indicated | 5.7 | 1.34 | 247,000 |
| Inferred | 1.1 | 1.00 | 37,000 |
| 5.3 | 1.90 | 284,00 |
Notes: Rounded to two significant figures.