CRACOW WEST PROJECT

Cracow West is located 15km to the north-west of Evolution Mining Ltd’s Cracow gold mine (approximately 1.5 million ounces of gold).

Gold mineralisation at the mine is associated with Permian-aged, low-sulphidation, epithermal quartz veins which have been emplaced along north-west and north-northwest trending fault zones. SolGold’s initial exploration concept was to explore for a similar deposit to Cracow gold mine but a recent review of the regional geology suggests that the anomalism seen at Cracow West may be associated with a later phase of Triassic intrusions, suggesting a later mineralisation event.

SolGold’s exploration at Cracow West has included stream sediment, soil and rock chip sampling. This has identified three significant prospects; Dawson Park, Kambrook and Theodore Bends. A ‘SAM’ survey (sub-audio magnetotellurics) has also been completed over the Kambrook and Dawson Park prospect. This has identified a potential buried target at Dawson Park, which coincides with a distinct soil tellurium anomaly at surface.

PROJECT OVERVIEW

Location 260km west-north-west of Gympie, Queensland, Australia

Tenement area 47 granted sub-blocks (circa 146km²) and 30 application sub-blocks (circa 93.16km²)

Ownership 100%

Primary Targets Low-sulphidation epithermal Au-Ag deposits