April 3, 2017

The Northern Molong Porphyry Project hosts five discrete monzonite intrusive/magnetic complexes within a 15 kilometre northwest trending corridor through the northern Molong Volcanic Belt in the central west of New South Wales.

Further drill testing of the Boda target has indicated a significant increase in grade to the south and at depth, confirming the extensive gold and copper mineralisation. Drill intercepts include:

  • KSRC021 43 m grading 0.47g/t Au and 0.31% Cu from 173 m within a broader zone of 130 m grading 0.23g/t Au and 0.18% Cu from 92 m
  • KSRC022 10 m grading 0.90g/t Au and 0.11% Cu from 269 m within a broader zone of 290 metres grading 0.17g/t Au and 0.09% Cu from 0 m

Previous drilling had indicated widespread and extensive alteration of the monzonite intrusives and host rocks, with significant gold – copper mineralisation near all the intrusive complexes.

The monzonite intrusive complexes are similar to those hosting the major gold – copper deposits in the Cadia Valley to the south.

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