MARBLE BAR GOLD PROJECT
Marble Bar Gold Project (100% interest in non-lithium mineral rights over E45/4724)
This tenement comprises one granted tenement of 48km2 located 6.5km east of Marble Bar and 11km north west of ASX-listed Calidus Resources’ Klondyke Gold Project located within the Warrawoona Gold project area. The southern boundary of E45/4724 is adjacent to Calidus’ tenement E45/4555 which contains the important and high grade Klondyke Gold deposit. Klondyke has reported a JORC (2012) Indicated and Inferred Mineral Resource of 1.25Moz (ASX: CAI 17 July 2019).
Approximately 12km of the prospective Warrawoona Formation stratigraphy occurs within E45/4724.
Limited gold exploration is reported over the tenement area which provides an opportunity to add significant value to this project.
The tenement straddles the western intrusive contact of the Archaean Mt Edgar Batholith and the adjacent basalts, amphibolites and ultramafic units of the Warrawoona Formation. Major northerly trending arcuate regional structures traverse the project.
As reported to the ASX on 2 December 2019 Kalamazoo has completed additional soil and rock chip sampling during the 2019 field season to follow up the soil gold anomaly recently defined in the southern portion of E45/4724 (ASX: KZR 9 October 2019). An infill soil traverse was completed midway between the two original one kilometre spaced lines at 100m spacing along the traverse (Figure 5, 24 samples). Fourteen rock chip samples, mainly of quartz veining, were taken at various locations. Soil samples comprised approximately 0.4kg of -0.5mm fraction, from 150mm depth.
Figure 11. Marble Bar Project – Geology and Tenure