a. 100% ownership
b. Significant historical geochemistry and/or geophysics
c. Under drilled and/or open ended mineralisation
d. Demonstrated potential for large high grade mineral occurrences
Uralla
Intrusive Related Gold System (IRGS) constituting a significant gold field
Drill ready
The Uralla goldfield was one of the earlier goldfields discovered in NSW and a significant gold producer in the 1850’s.
Lode believes the goldfield is host to Intrusive Related Gold System (IRGS) style mineralisation.
Characterised by solid gold grades at surface, limited historical drilling but high grade intercepts such as, at Martin’s Shaft:
• Martin’s Shaft • 14.0m @ 4.83 g/t Au (incl. 3.0m @ 6.94 g/t Au) – SGRDD0021 *
• 11.0m @ 5.38 g/t Au (incl. 6.0m @ 8.30 g/t Au) – SGRDD0041 *
• 18.5m @ 2.41 g/t Au (incl. 4.0m @ 4.81 g/t Au) – SGRDD0081 *
• 8.0m @ 5.40 g/t Au – SGRDD014 ** Refer LDR Prospectus 14 April 2021 p43, p157 (IGR p85 Table 15), p202 (IGR p128 Table 25) & LDR Supplementary Prospectus 6 May 2021.
Uralla Granodiorite and other intrusives, which intrude Yarrowyck Granodiorite and Sandon Beds, are believed to be responsible for gold mineralisation in the Uralla Goldfield.
Targeting 2 IRGS mineralisation styles:
1. Veins and felsic dykes – individual deposit target size: 100koz to 500koz
2. Cupola structures – target size: 500koz to 1moz
High grade silver bearing lodes, 3 attractive targets
drill ready
Webbs Consol was discovered in 1890 with intermittent mining up to the mid 1950’s
Several mine shafts worked for high grade galena and silver content only with zinc mineralisation discarded.
Sampling shows potential for high grade silver and zinc mineralisation – drill ready.
Identified drill targets:
1. Down dip extension below Webbs Consol main workings and NNE along strike. Non-JORC channel samples taken within the mineralised envelope on Level 3 indicate open ended high-grade mineralisation at 60m depth (12 samples averaged 210g/t Ag, 22.6% Zn and 2.74% Pb* ) Large IP anomaly 300m NE of main workings
2. Geochem anomaly & insitu mineralisation 1km N of main workings* Refer LDR Prospectus 14 April 2021 p42, p109 (IGR p35) & LDR Supplementary Prospectus 6 May 2021
Located 30km SE of Tamworth surface exploration carried out since the 1960s comprising stream/soil, surface mapping, IP and magnetics however no drilling has occurred.
21 copper occurrences of VMS origin have been recorded over 30km strike length and are hosted within steeply dipping shear zones.
Identified drill targets:
1. Four copper mines – walk up drill targets, never drilled
2. Two large drainage anomaly targets based on regional stream/soil geochemical and magnetic surveys. Large anomaly suggest potential for sizeable occurrence