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Beechworth

Papua New Guinea
Gold-Copper Projects

Australia
Gold Projects

Beechworth

  • Ownership: 100%
  • Metals: Gold
  • Location: 230km northeast of Melbourne, Victoria

Beechworth 100% owned project consists of 4 exploration licenses covering 459 sq km.

Project lies on the border of the Tabberabbera and Omeo Zones of the Lachlan Fold Belt. 

Gold mineralization is hosted by Ordovician sediments as mesozonal orogenic deposits. 

Intrusion related gold mineralization occurs at Hillsborough, with visible gold found in granite rock float material near the Taff group of former gold mines.

Ongoing exploration is occurring at Hillsborough group of prospects, including the Perseverance, Taff, Homeward Bound and Bon Accord former gold mines. 

Drill permits for the Wallaby group of prospects are in application.

Beechworth Project Tenements Plan

Figure 1 – Beechworth Project Tenement Summary

Beechworth Drilling & Geochemistry

Figure 2 – Beechworth soil geochemical survey and significant drilling results map.

Within Beechworth EL4697 the only modern drilling carried out by previous explorers are:

  • 12 diamond holes at Homeward Bound Prospect at Hillsborough for 1836.6m
  • 21 RC holes at the Wallaby Group of mines at Hurdle Flat for 1316m
Hole No East North Azimuth Dip From To Length Au g/t Total
Depth		 Prospect Au x W
WP03
478929.83
5975854.48
60
-50
18.00
26.00
8.00
8.88
30
Kingston South
71.04
WP04
478746.83
5975912.48
100
-55
80.00
82.00
2.00
4.82
90
Kingston
9.64
WP06
478461.83
5976210.49
95
-50
38.00
42.00
4.00
21.98
86
Hope
87.92
WP14
478469.83
5976209.49
72
-50
26.00
34.00
8.00
2.15
50
Hope
17.20
WP20
478926.83
5975846.48
247
-50
12.00
18.00
6.00
1.98
52
Kingston South
11.88
HB01
484870.89
5971309.58
120
-60
160.95
162.00
1.05
16.16
248.2
Homeward Bound
16.97
HB04
484862.69
5971338.13
122
-60
152.00
153.60
1.60
20.60
188.20
Homeward Bound
32.96
HB04
484862.69
5971338.13
122
-60
154.30
155.50
1.20
132.63
188.2
Homeward Bound
159.16
HB09
484894.47
5971333.15
123
-70
145.63
146.88
1.25
31.50
150
Homeward Bound
39.38

Table 2 Beechworth summary of significant previous drilling results

Beechworth – Homeward Bound Prospect

Drilling by previous explorers at the Homeward Bound prospect yielded encouraging high grade gold intersections.

Hole No MGAE MGAN RL Length Azimuth Dip From To Length Au ppm Au x W Projection
HB01
484879
5971315
752
248.2
111
-60
40
41.4
1.4
1.55
2.17
MGA94_Z55
HB01
160.95
162
1.1
16.20
17.01
HB04
484860
5971348
747
188.2
111
-60
152
155.5
3.5
14.53
50.86
MGA94_Z55
HB09
484899
5971332
750
150
112
-70
137.5
138
0.5
6.45
3.23
MGA94_Z55
HB09
145.63
146.88
1.3
31.50
39.38

Table 1 – Historic drilling results at Homeward Bound Prospect

Follow up drilling at the Homeward Bound prospect also yielded encouraging intersections.

  • HBDH01: 8.6m at 5.2 g/t Au from 194.6m
  • HBRC21: 8m at 3.7 g/t Au from 202m
  • HBRC17: 5m at 4.1 g/t Au from 175m including 1m at 18.6 g/t Au.
  • HBRC18: 10m at 0.6 g/t Au from 220m prior to the hole being abandoned before the targeted mineralization due to drilling conditions in the Great Fault.

The latest round of drilling (HBRC17 & HBRC18) has discovered an extension of the mineralization to the north of the Great Fault, which was historically considered to bound the mineralization when the mine was operating in the early 1900s.

The new zone of mineralization is north and slightly west of the main zone of mineralization where the main set of workings occur. No previous mining is known to occur in this new extension area.

Figure 3 – Homeward Bound plan and section of significant drilling results

Prospect Areas - Bon Accord

Figure 4 – Bon Accord plan and section of significant recent drilling

Drilling at the Bon Accord prospect has discovered a new zone of mineralization north of and on strike to the workings associated with the former main shaft.
No previous mining has occurred in this new extensional area.

The drill intercepts include:

  • BHVP35: 4m at 6.9 g/t from 33m including 2m at 13.6 g/t Au.
  • BHVP30: 13m at 4.7 g/t Au from 59m including 1m at 20.9 g/t Au and 8m at 4.8 g/t Au.
  • BHVP12: 5m at 6.7 g/t Au from 133m

A slight offset in the deeper drill intercept is interpreted as the result of late-stage crosscutting faults which are known to occur in the area as at the nearby Homeward Bound prospect.

Beechworth - Regional Targeting

The Wallaby Group of former gold mines remain a key target for further exploration. Some drill permits are in place and further drill permitting is ongoing.

The gold mineralization associated with the Taff group of mines occurs along a NNE trending regional faulted contact between the granite in the east and Ordovician sediments. Gold mineralized greisen (altered granite) occurs along the fault zone. 

Figure 5 – Homeward Bound drilling
Figure 6 - Bon Accord Drilling
Figure 7 - Beechworth drill sampling and logging
Figure 8 - Taff underground workings in granite

Focused Gold and Copper Resource Development

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Callum Spink, the Company’s Vice President, Exploration, who is a member of the Australian Institute of Geoscientists, MAIG, and a Qualified Person as defined by National Instrument NI 43-101 Standards of Disclosure for Mineral Projects has reviewed and approved the technical disclosure in this website.

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