Partners Tri Origin Exploration (TOE-T) and Delta Gold of Australia are preparing to begin a drilling program at their equally-shared Calarie gold property in New South Wales, Australia.
Targets for the program will be chosen from a recently completed surface geochemical and geophysical survey. The program was carried out to follow-up results from work completed by previous owners.
Situated 300 km northwest of Sydney, the Calarie property was the site of turn-of-the-century mining of high-grade veins eventually developed down to 175 metres below surface. More recently, a near-surface resource of 514,000 tonnes grading 2.16 grams gold per tonne was outlined in the vicinity of those old workings.
Tri Origin notes that the deposit remains open at depth, and that one of the deeper intersections, which occurred at a depth of 100 metres below surface, ran 22.5 grams gold over 9.6 metres. The company also reports that its own geophysical surveys have detected anomalies down to 300 metres below surface, and that those anomalies show a strong correlation with shallow drill holes and surface geochemical anomalies. One such shallow hole, collared 2 km north of the resource area, intersected 6 metres of 5.2 grams gold, whereas several grab samples taken a further 4 km to the north ran as high as 8.26 grams gold.
Gold mineralization at Calarie is associated with the Parkes thrust, a regional structure along which occur two small gold mines and a larger copper-gold mine.
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