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Projects |
South West GoldThe Company's exploration strategy in the southwest of WA is to search for large tonnage gold-copper mineralisation in stockwork vein systems similar in style to the polymetallic Boddington deposit, using low-cost reconnaissance surface geochemistry. The South West Gold Project comprises one granted exploration licence at Darkan (100% interest in E70/2732) covering an area of 190km2, and one tenement application covering 250km2 at Dinninup of (E70/2955, the Company has a right to farm in to a 90% interest). Darkan - E70/2732The Darkan licence is centered some 60km southeast of the Boddington gold project in southwest WA. The tenement covers a section of the Darkan Fault, which the Company interprets as traversing close to the area of the Boddington gold deposit. Boddington has current reserves of over 13 moz of gold and is currently under development. The Company's initial laterite sampling program at Darkan returned slightly elevated gold, copper and silver values in sheared and quartz veined rocks close to the trace of the fault zone. The results are considered encouraging and supportive of the exploration concept. Additional sampling is planned to improve the definition of the anomalies, which will require compensation/access agreements being negotiated with the relevant landholders. Dinninup - E70/2955The project is located 60km south of Darkan and covers anomalous geochemistry in a similar favourable structural position as at Darkan. Eleckra has the right to farm in to a 90% interest in the tenement by spending $500,000. The principal target is gold copper mineralisation in stockwork veins of similar style to the polymetallic Boddington deposit. The tenement covers terrain demonstrating favourable structural architecture with associated zones of demagnetisation and geochemical anomalism. Like Boddington, which lies on a disturbed area of the major NW trending Darkan fault zone, the Dinninup project lies on a disturbed area of a major NW trending structural corridor termed the Boyup Brook Fault. Recently published results of a previous regional-scale geochemical sampling program of lateritic gravel samples by CSIRO and CRC-LEME highlighted low level gold anomalies and an elevated chalcophile index (Chi-6) - one of the highest in the southwest of WA. The Chi-6 value is calculated using six copper-related pathfinder elements. Also, the aeromagnetic image indicates zones of demagnetisation - which may reflect zones of strong magnetite-destructive alteration or indicate the presence of an intrusive. Gold prospectivity is further enhanced by the fact that records indicate the presence of old gold workings in the area. geochemical sampling has also returned anomalous tin and tantalum values within the Dinninup area which are of interest as the Greenbushes tin-tantalum deposits are located 45km to the west. The Dinninup Project will complement Eleckra's Darkan project, and form part of Eleckra's exploration strategy of searching for world-class gold deposits of the Boddington - type in the southwest of WA. The first phase of exploration will involve laterite sampling along public access roads and tracks. |
