GEO Exploration (AIM:GEO), the AIM-listed gold explorer, has reported visible gold in quartz vein samples across two of three prospects at its Gorge Project in Western Australia, with the company describing the initial field findings as highly encouraging indicators of near-surface gold mineralisation.
The observations span the Gorge Mine Prospect and 401 Prospect, where coarse free gold was identified in quartz vein material from historic mullock heaps adjacent to vertical shafts, while a copper-rich gossan containing malachite and azurite was mapped at the Central Zone Prospect, adding multi-commodity potential to the project.
The Gorge Project covers 81 square kilometres approximately 110 kilometres west of Paraburdoo, within the Proterozoic-aged Capricorn Orogen, and is considered prospective for orogenic, Carlin-type and intrusion-related gold systems (IRGS).
The field team collected 35 rock chip samples and 246 orientation soil samples across the three prospects, with the soil samples submitted to Intertek Laboratories in Perth for multi-element analysis to guide a broader geochemical programme across the project's approximately 5-kilometre strike extent of known historic workings.
Historic records at Gorge Mine reference extracted ore reportedly returning 450 grams per tonne gold, while the 401 Prospect holds reported peak drill assays of 35 grams per tonne gold; no modern drill testing has been recorded at the Gorge Mine target.
"I consider the initial findings from the field reconnaissance completed at Gorge to be outstanding," said Tom Harris, Exploration Manager.
Laboratory results from the orientation soil survey and interpretation of recently completed airborne geophysical datasets are pending, with government permitting and heritage surveys required before drill testing can commence.
