Sandstone Wide (Au, Fe)

The Sandstone Wide Project area includes the Maynard Hills and Maynard North Projects and covers the Edale and Illara structures projecting north west from the Mt Forrest Project area through the Creasy 1 gold discovery to immediately east and north of Troy’s Lord Henry and Lord Nelson gold mines.

Exploration by Mindax has continued to demonstrate the gold bearing character of these structures. Much of the prospectivity lies under shallow alluvial cover. The northern part of the area in particular has seen no previous exploration but Mindax’s program shows gold anomalies at Toccata.

Iron formations through the area indicate potential for hematite-magnetite mineralisation at Ocelot and Ten Mile.

Soil sampling (582 samples) was completed at the Toccata (gold) prospect. The results show a low-level but coherent NW/SE trending gold anomaly. The anomaly (1.6 km long x 0.7 km wide) appears to be following the dominant local drainage pattern, broadening and remaining open to the south.

An additional round of soil sampling (approx 300 samples) has been designed to test for southern extensions of the anomaly; this will be followed by drilling.

Rockchip sampling along strike to the south of Ocelot iron prospect identified no new areas of interest. Further work will concentrate around the prospect area and to the north.