Projects

Projects

Walhalla

Location

Located 130km east of Melbourne in Victoria, Australia. Project area is accessible by public roads (sealed and gravel).

History

Early- to mid-stage exploration: Small-scale mining during the late 19th/early 20th century scattered throughout the land package. ~1.5Moz mined @ 33 g/t Au (GeoVic, 2020) mined at Cohen’s Reef. Modern day exploration work includes drilling at Cohen’s Reef and soil and rock geochemistry at numerous targets including Pinnacles.

Figure 1: map showing the Walhalla land package and major targets. Inset map: surface geochemistry over the Pinnacles target

Exploration Strategy

A drill permit has been received for Pinnacles. Further work details will be announced when determined.

Figure 2: Long section through Cohens Reef and significant past drilling results
Figure 3: Surface geochemistry (gold) along the Cohens Reef and Longfellows structural trend.
Exploration
Licence
Area
km2
Hardrock
Prospects
Historical
Producers
Recorded
Au (oz)
Total Ore (t) Au g/t Total Drill
holes in EL
Cooper’s Creek
8
1
1
Former copper & PGE mine
52 for 3550m
Enoch’s Point
291
14
7
21,769
48,462
13.8
4
Harbinger
34
7
4
19,692
19,870
30.3
1
Pinnacles
103
5
3
4,537
8,539
16.3
Walhalla
19
50
12
1,458,750
1,293,090
34.5
73
Walhalla North
92
13
5
5,561
6,552
26.0
Total
547
89
32
1,510,309
1,376,513
33.6
130

Table 1 – Walhalla Prospect and Production Summary by Licence

Type of Reef Occurrence in dykes Gold occurrences Examples
1. Reefs strike along major axis of dyke bulge, dip from wall to wall, extend for some distance into the country rock.
In dyke bulges dip 15-50deg alternately or in same direction. Reefs along reverse faults. (“Ladder veins”)
Rich in gold, especially on up dip side and where dyke is faulted overhanging sediments.
Morning Star, A1, Luck’s All
2. Reefs strike perpendicular to main axis of dyke, and dip along dyke.
In dyke bulges – horizontal floors. (“Mutton Fat reefs”)
Often gold rich.
New Loch Fyne, A1.
3. Small flat reefs do not extend far into country rock.
In narrow dykes – very common.
Often gold bearing.
Waverley, Little Comet.
4. EN echelon gash reefs.
In many dykes related to major reefs.
Gold bearing but not significant.
Many examples, e.g. Morning Star.
5. Reefs along walls of dykes.
In dyke bulges and narrow dykes. –
Rich gold in shoots but not throughout.
Rose of Denmark, Cohen’s, Toombon, Harbinger, Londonderry
6. Stockworks.
In many dykes or dyke swarms
Bulk tonnage targets.
A1, Rose of Denmark, Hunt, Pinnacles.
7. Reefs occupying intersecting faults.
In a number of narrow dykes. Reef often enlarged at the intersection.
Gold richest at intersection of reef and dyke.
Alabama (Ten Mile), New Home Rule, Victor’s Quartz.
8. Bedded reefs. (Saddle reefs)
In sediments east of swarm and associated with dykes near Kevington.
Locally rich in gold but not significant.
Royal Standard, Star of the West, (Kevington)
9. Gash-veins and stockworks.
In sediments.
Minor gold only.
Minor occurrences only.

Table 2 – Walhalla Belt Gold Mineralization Styles and Examples (Keays, 1974) 

Walhalla – Cohen’s Reef

HOLE-ID MGAE MGAN RL Depth Azimuth Dip FROM TO LENGTH AU_PPM
GW07
451481.6
5800402
334.82
80
22
-40
42.7
54.8
12.10
1.13
GW22
451375.1
5800920
369.38
103.3
124
-34
84.9
96.2
11.30
1.32
GW23
451374.6
5800922
369.37
94.3
60
-40
71.4
82.8
11.40
2.09
GW32
451208
5801279
562.09
404.1
143
-64
382.8
387.6
4.80
2.56
GW36
451380.2
5800907
512.85
357.6
350
-56
309
315
6.00
2.80
RAISE01A
451581.7
5800271
366.2
12
264
62.5
2
12
10.00
7.76
WA88D005
451661.2
5799787
324
24.75
250
-29
20.35
24.75
4.40
51.15
WA88D006
451661.2
5799787
324
26.07
265
-29
19.8
25.15
5.35
1.99
WA89D017
451661.6
5799792
321
35.7
246
-32
25.7
34.7
9.00
2.16
WBH 7
451621
5800251
329
119.9
53
-45
19.5
29.7
10.20
2.00
WBH 8
451621
5800251
329
110.1
101
-45
15.6
25.3
9.70
2.46
WE89D010
451449.7
5800086
449.5
306.7
94
-71
258.15
264.15
6.00
3.96
WEW1D010
451522.6
5800082
261.51
100
92
-68
258.4
262.65
4.25
11.15
WEW2D010
451522.6
5800082
261.51
100
94
-68
258.8
263.8
5.00
4.58
WEW3D010
451522.6
5800082
261.51
100
92
-60
259.55
264.1
4.40
11.11
WP002
451592.5
5799950
328.66
54
87
-68
17
27
10.00
4.85
WP005
451624.6
5799930
329.8
47
276
-47
8
38.5
30.50
2.13
WP006
451632.5
5799881
332.68
38
270
-50
7
18
11.00
5.82
WP014
451652.7
5799818
322.13
47
221
-50
5
7
2.00
11.05
WP015
451627.2
5799864
332.53
33
90
-80
28
33
5.00
5.45
WP016
451588.2
5799956
328.77
95
338
-50
88
94
6.00
2.40
WP020
451590.8
5799955
328.68
51
8
-59
28
50
22.00
2.28
WP028
451573.4
5799911
354.55
74
113
-55
61
67
6.00
3.73
WP030
451590
5800085
357.25
58
153
-89
22
31
9.00
1.79
HOLE-ID MGAE MGAN RL Depth Azimuth Dip FROM TO LENGTH AU_PPM
WP031
451589.4
5800064
357.17
48
285
-89
25
35
10.00
2.38
WP032
451589.8
5800044
357.45
52
229
-90
31
38
7.00
4.16
WP033
451593.1
5800025
356.89
52
-90
29
34
5.00
2.03
WP037
451641.2
5800262
358
110
270
-20
99
102
3.00
5.15

Table 3 – Significant past drill intersections at Cohen’s Reef

Walhalla – Cooper’s Creek PGE deposit

HOLE ID Easting Northing Azim
True
Dip From
(m)
To
(m)
Length
(m)
Cu% Ni% Au(g/t) Ag (g/t) Pd (g/t) Pt (g/t) Au (g/t)
Equiv
Au x L
CC003
449776
5795696
57
-80
303
339
36
1.75
0.2
0.39
8.8
1.08
0.78
4.96
178.56
OCC001
449778
5795696
75.2
-80
1.5
32.7
31.2
0.27
0.02
0.005
0.86
0.29
0.17
0.80
25.09
OCC002
449779
5795697
75.2
-80
28
41.1
11.4
0.39
0.04
0.05
1.48
0.54
0.34
1.40
15.94
OCC002
449779
5795697
75.2
-80
94.87
140
45.13
0.25
0.02
0.014
1.07
0.26
0.16
0.76
34.11
OCC003
449780
5795697
111.5
-81.5
8.4
38.5
30.1
0.41
0.03
0.02
1.63
0.61
0.36
1.44
43.30
including
111.5
21.5
29
7.5
0.63
0.04
0.07
2.94
0.93
0.54
2.22
16.67
OCC003
449780
5795697
111.5
-81.5
128.3
147.9
19.6
0.27
0.03
0.05
0.95
0.37
0.2
0.97
18.97
OCC003
449780
5795697
111.5
-81.5
184
208
24
0.49
0.05
0.12
1.62
0.58
0.33
1.67
40.14

Table 4 – Significant drill intersections from Cooper’s Creek PGE deposit.

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