Cudal (Base Metals – Gold; EL7020)

Located 30km west of the Cadia Valley Operations of Newcrest Mining Ltd and covers a large portion of the Ordovician Cargo Block, a region considered highly prospective for alkalic porphyry gold-copper related mineralisation and sedimentary replacement style gold-zinc mineralisation.

Current Project Status

Exploration drilling in the Bowen Park 1 area, the northern most group of old workings commonly referred to as Bowen Park, intersected strong gold + zinc + silver mineralisation (17m @ 1.2 g/t Au, 2.8% Zn, 7.29g/t Ag from 96m, including 4m @ 2.2 g/t Au, 7% Zn, 16 g/t Ag) within a carbonate rich fault zone (intermediate-sulphidation epithermal mineralisation).

More recent drilling, as follow-up of this earlier work, has identified a significant multiphase intrusive complex and porphyry-style alteration adjacent to the Bowan Park Limestone in the Bowan Park 1-Kurrajong Prospect area.