Highlights

• Located in the Drummond Basin epithermal gold field
• Adjacent to Newmont Mining’s Vera-Nancy Mine (production >4 million oz gold) and within the Mt Leyshon-Pajingo Gold Corridor
• Despite its appealing location it is still a grass roots project
• Structural interpretation offers a range of interesting targets that have never been drill tested

The 446km² Pajingo project comprising EPM13667 is located 60km SSE of Charters Towers in North Queensland. The northern boundary is contiguous with Newmont’s >4 million oz Pajingo/Vera-Nancy epithermal gold camp. The Pajingo/Vera-Nancy deposits and EPM 13667 are both located in the northern portion of the late Palaeozoic Drummond Basin. This basin is very significant as a gold region with an endowment of some 18 million oz hosted in a number of significant gold occurrences without including the generally smaller gold occurrences in the central and southern portions of the Basin.

Of particular relevance to EPM 13667 is the structural setting of the area interpreted from Landsat and aeromagnetic interpretation. The Pajingo epithermal vein system is known from geophysical surveys to trend NW SE, a trend closely paralleling the recognised ‘Mt Leyshon Pajingo Gold Corridor’, which passes through EPM 13667. In addition, there are several ENE trending lineaments in the EPM area. This is the same trend as the normal transfer faults generally recognised as controlling many Eastern Queensland copper and gold occurrences. The intersection of the ENE structures and the NW trending Mt Leyshon-Pajingo Gold Corridor seem to localize the Pajingo epithermal vein systems and several similar structural situations also occur within EPM 13667.

Previous exploration within the EPM has located minor gold occurrences. Drilling in 1998 to 2000 produced a best result of 5m at 2.7g/t gold in andesitic volcanics located in what is now the northeast corner of the EPM.

Previous drilling operators recognised the position of the Mt Leyshon-Pajingo Corridor and interpreted several interesting structural and lithological targets under cover within that corridor, however none of the direct exploration activities were focused on these targets. The geology of a significant portion of EPM 13667 remains relatively poorly known as exploration of the covered extensions of the prospective southeast-trending Mt Leyshon Pajingo structural corridor is non-existent

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