The Bulga Downs Wide Project includes those tenements adjacent to the Mt Forrest mining leases where there is prospectivity for gold and also for iron that would be of strategic relevance to any mining operation at Mt Forrest.
They includes the Panther and Tiger iron prospects where surface sampling has returned >60% Fe and overlapping areas of gold-in-soil geochemistry.
The Panhandle Project lies on the Edale fault, 40 km south west of the Mt Forrest Project and 130 km south east of Sandstone. The area has returned gold-copper anomalism in soils associated with geophysical complexity and a pronounced jog in the main structure.
Historical drilling has returned up to 2.67 g/t Au. Extensive iron formation occurs within the Panhandle area and is strategically pertinent to Mt Forrest. Reconnaissance sampling indicates some hematite potential.
A PoW Application has been approved by the DMP to drill test the Terrier iron prospect. This drilling will be done in conjunction with work at Mt Forrest.
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