The Mt McClure Project is located 15km SW of the historic Bronzewing gold mine and 10km from Orelia gold mine both owned by Northern Star Resources Ltd (ASX: NST) in the southern Yandal Belt.
The greater Mt McClure gold camp, which covers a strike length of some 30km and includes Northern Star’s Orelia mine (+1Moz), has a total gold endowment of +1.8Moz.
Yandal’s Mt McClure Project includes several historical open cut pits from which a total of approximately 100,000z of gold was mined to maximum depths of between 60 to 100m mostly in the early 1990’s at a time when the gold price was much lower than at present. Each of these open cuts together with a number of advanced target areas lie along a 10km long prospective trend which is located entirely on granted mining leases.
In the September Quarter 2022 Yandal completed initial Mineral Resource Estimates (“MRE’s”) on the margins of the Success, Parmelia and Challenger historic open cuts incorporating the extensive historic drilling database and recent Yandal drilling which highlighted significant zones of unmined mineralisation extending up to 240m beneath the base of previous mining.
In October 2023 the Company announced an initial MRE for the HMS Sulphur Deposit located immediately to the north and in the footwall of the Success deposit.
The total combined Resource inventory at Mt McClure comprises 3.369Mt @ 1.7g/t Au for 182,200 oz gold.
There is a clear opportunity within the Company’s tenure at Mt McClure to both extend the limits of previously defined mineralisation at the historic open cuts as well as discover new deposits in poorly tested or untested areas in footwall and hanging wall positions and along strike from the historic open cuts.
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