Golconda
OVERVIEW
High grade gold, silver discovery
Significant gallium discovery
Proximal to the Mineral Park copper, moly, silver mine
Historic zinc and lead district with limited past precious-metal exploration
Multiple vein structures over 10 km, including Tub–Golden Eagle Vein
Drilling confirms gold, silver, zinc, and gallium mineralisation
Mineralisation spans 700 m of strike and remains open
Key zones: Tub Zone and Tub Footwall Zone, laterally and vertically continuous
85–92% of gallium hosted in sericite, favorable for processing
Phase 2 RC drilling complete; core drilling underway to define depth and structure.
District-Scale
District Scale Structure
- Understanding the district scale structure is crucial for evaluating the Golconda Project’s mineral potential.
Major NW-Trending Structure
- The Tub Zone is situated on a significant NW-trending crustal structure spanning over 20km, separating two Proterozoic rock types.
Mineralization Significance
- This structure hosts important mineral deposits, including the Golconda and Tub mines, crucial for regional mining activities.
Drilling Program
District Scale
- GRC03: 11m at 1.2 g/t Au and 399 g/t Ag from 61.0m
- GRC 06: 35m at 5.2g/t Au and 5.9g/t Ag from 177m
- GRC 21: 77.7m at 0.76 g/t Au, and 11 g/t Ag, from 184 meters to EOH
- GRC 22: 2m at 2.0g/t Au, 40.2g/t Ag and 0.29% Zn, from 191meters to EOH
- GRC 28: 8m at 0.37 g/t Au, 44.26 g/t Ag, 0.11% Zn from 128m
Drillhole GRC17
- 97.5m at 0.27 g/t Au, 4.8g/t Ag and 0.7% Zn from base of mine workings at 149.4 m to EOH
- GRC17 (-75/014) was drilled to test the intersection of the Golconda and Tub Veins
Includes:- 29m at 0.3 g/t Au, 7.4 g/t Ag and 0.8% Zn from 172m
- 2m at 0.42 g/t Au, 4 g/t Ag and 0.73% Zn from 216m
- 1m at 0.8 g/t Au, 9.7 g/t Ag and 1.94% Zn from 238m to EOH
- Multiple mineralized intercepts, alteration and quartz veining from the surface to the end of hole at 247 meters. A zone of strong mineralisation and alteration was intersected from 137m to 152m downhole and included underground mine workings of the Tub Vein from 146m to 149m
