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
- 8m at 0.37 g/t Au, 44.26 g/t Ag, 0.11% Zn from 128m in GRC 28
- 35m at 5.2g/t Au and 5.9g/t Ag from 177m in GRC 06
- 2m at 2.0g/t gold, 40.2g/t silver and 0.29% zinc, from 191meters to EOH GRC 22
Drillhole GRC17
- 97.5m at 0.27 g/t gold, 4.8g/t silver and 0.7% zinc from base of mine workingsat 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 gold, 7.4 g/t silver and 0.8% zinc from 172m
- 2m at 0.42 g/t gold, 4 g/t silver and 0.73% zinc from 216m
- 1m at 0.8 g/t gold, 9.7 g/t silver and 1.94% zinc from 238m to EOH
