SPRING HILL GOLD PROJECT
Large scale free-milling gold project located in the world renowned
Pine Creek Orogen region of the Northern Territory, Australia
Spring Hill Gold Deposit
Current JORC (2012) mineral resource estimate (MRE) of 1Moz at 1.1g/t Au defined along a strike length of <1.1km with a majority of the resource contained in the Hong Kong Zone.
A JORC (2012) exploration target of between 1-2Moz directly along strike exists for follow up in 2025.
The Hong Kong zone has recently been verified by 16 diamond holes drilled in 2021 and 2022 that included:
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123.65m at 1.06gpt Au from 277m including 39m @ 2.49gpt Au from 345m
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168m at 0.84 gpt Au from 145 including 15m @ 3.62 gpt Au from 221m
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37m at 1.86gpt Au from 213m
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50m at 1.26gpt Au from 198m
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58m at 0.89gpt Au from 229m
Spring Hill North Exploration
Spring Hill North straddles the Pine Creek Shear Zone approximately 3km to the north of the Spring Hill MRE.
Historical work conducted by previous owners included:
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67 RC holes for 6,697m of drilling; and
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1,357 BLEG geochemical samples
Cumulative 4.3km of prospective strike has been defined by geochemistry, trenching
and limited drilling warranting further exploration in the medium term.
Macau Zone
Macau Zone intersected at depth for the first time in 2022.
Macau sits parallel to the Hong Kong zone on the northern western side.
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22HK007 - intersected 19m @ 1.72gpt Au from 374m including 14m @ 2.06gpt Au.
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This hole was drilled on the top of the hill from east to west.
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The hole intersected the Macau zone approximately 100m below the previously interpretated wireframe and has provided a new target at depth.
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