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Ularring Gold Project

The 310km2 Ularring Project is located 100km east of Perth. The main tenement covers the Centre Forest and Southern Brook gold-copper prospects, where historic RC drill intercepts of copper-gold mineralisation include 61m @ 0.83g/t Au, and 37m @ 0.72g/t Au and 0.26% Cu.

An assessment of this project has highlighted considerable potential. The available data indicates a district scale mineralisation system best developed in the western sector of the tenement where remnant high-grade metamorphosed greenstone is present. The historical drill coverage is limited.

During 2019, Deep Ground Penetrating Radar (DGPR) technology was trialled over the prospects and a previously unexplored high-tenor tungsten groundwater anomaly located along strike to the north of the gold-copper mineralisation. A total of 20 traverses over 20 line kilometres was acquired.

The DGPR successfully imaged the sub-surface around the prospect areas and data was generally of good quality although penetration depth was negatively impacted in local areas of saline groundwater. A multitude of fault-like, dyke-like, crystalline and deep weathering anomalies were observed and recorded, as well as interesting notch-shaped features and paleo-channels. The exact nature of these anomalies is at present unknown and warrants further investigation given the strongly anomalous dissolved tungsten.

In addition to the DGPR over the tungsten-in-water anomaly, a high-resolution Drone Magnetic Survey (DMS) was flown over a 24.6km2 area. A total of 615 line kilometres was surveyed at 40m line spacing on a nominal 0.6m station spacing. The dataset is of very high quality (more comparable to high resolution ground magnetics than conventional aeromagnetics). Several zones of hypothermal alteration (magnetic depletion) have been interpreted from the DMS, which in conjunction with the DGPR data, are expected to result in a number of drill targets.

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