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RVD336 – Providence Gold and Minerals Pty Ltd – EL4525

RVD336 – Providence Gold and Minerals Pty Ltd – EL4525
Category: Rediscover Victoria Drilling Reports Product Code: MP-RVD-37508
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Abstract
Drilling by Providence Gold and Minerals Pty Ltd (PGM) in 2009 with the support of the Rediscover Victoria Drilling Initiative (Round 2) was successful in locating anomalous gold in basement sediments. Low level gold mineralisation occurs in quartz veined sediments of the Castlemaine Group underlying Murray Basin sediments cover.

Sixty-six AirCore drill holes for a total of 7053 metres were completed within EL4525 west of Mitiamo as part of the Rediscover Victoria Drilling Initiative (Round 3). The AirCore program was designed to test several target areas, viz:

  • Follow-up drilling on the anomalous gold intersections located in the 2009 RVD-2 program,

  • Drill testing of basement on targets selected through interpretation of gravity and soil data which fit the GSV model of central Victorian gold mineralisation.

All but one AirCore drill holes successfully intersected Ordovician basement sediments underlying up to 125 metres of Murray Basin sediments. Anomalous gold (>0.2 ppm) was intersected in 10 holes, with the highest intersection in hole FE328 which returned 6 metres at 29 g/t gold from 123 metres. This intersection is supported by a further 6 metres at 4.4 g/t from 135 metres down hole. Hole FE380 returned 3 metres at 7.9 g/t gold from 10 metres at the basement-cover contact.

Anomalous arsenic (to 2600 ppm) was found peripheral to anomalous gold in Target Area 1.

Results of the AirCore drilling program point to the existence in this area of significant gold mineralisation in Ordovician basement in up to 3 trends - from 3.5 km long and possibly as long as 9 km long. Further work is planned to map out these anomalous areas by infill AirCore drilling in preparation for a diamond drill program.

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The downloadable version of the final report is supplied in PDF format:
RVD336 G37508 EL4525 Final Report (PDF 1.7MB)

The accompanying plans are available for download in a compressed ZIP folder:
RVD336 G37508 EL4525 Plans (ZIP 7.6MB)

The data package is available for download in a compressed ZIP folder:
RVD336 G37508 EL4525 Data Package (ZIP 5.0MB)

Please be patient when downloading large files as this might take some time depending on your internet connection.