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RVD210 – Providence Gold and Minerals Pty Ltd – EL4525

RVD210 – Providence Gold and Minerals Pty Ltd – EL4525
Category: Rediscover Victoria Drilling Reports Product Code: MP-RVD-37604
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Abstract
Previous work by Providence Gold and Minerals Pty Ltd (PGM) has located low level gold mineralisation in quartz veined sediments of the Castlemaine Group underlying Murray Basin sediments cover. Interpretation of the recently released Bendigo-Mitiamo Gravity data, and imagery from the Central Victoria Seismic Traverse show that most of PGM’s drilling in the Mitiamo area has been east of the Whitelaw Fault.

Regional modelling by Geoscience Victoria (GSV) of the Castlemaine and Bendigo Goldfields shows a direct relationship between gold mineralisation in antiformal structures, and its association with regional, deep seated reverse faults such as the Whitelaw Fault.

Recent successes by other explorers in locating gold mineralisation under cover shows the important relationship of local gravity high zones, regional alteration and gold mineralisation.

Seventeen aircore drill holes for a total of 1820 metres were completed within EL4525 west of Mitiamo as part of the Rediscover Victoria Drilling Initiative. The aircore program was designed to test several target areas identified through interpretation of gravity data which fit the GSV model of central Victorian gold mineralisation.

All aircore drill holes successfully intersected Ordovician basement sediments underlying up to 140 metres of Murray Basin sediments. Anomalous gold in basement sediments was identified in Target Area 1 returning up to 0.48 ppm gold in drill hole FE297. Screen fire assays returned up to 1.03 ppm gold in drill hole FE299. Anomalous arsenic was found peripheral to anomalous gold in Target Area 1. Results of the aircore drilling program point to a relationship between gold mineralisation and massive quartz veining and quartz veined shale-sandstone contacts.

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The downloadable version of the final report is supplied in PDF format:
RVD210 G37604 EL4525 Final Report (PDF 14.2MB)

The accompanying appendices are available for download in a compressed ZIP folder:
RVD210 G37604 EL4525 Appendices (ZIP 3.2MB)

The data package is available for download in a compressed ZIP folder:
RVD210 G37604 EL4525 Data Package (ZIP 26KB)

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