In December 2019 Jindalee applied for an Exploration Licence (E38/3461) located immediately NW along strike of the Gruyere gold deposit, situated 160km NE of Laverton (WA).
E38/3461 is uncontested and abuts Mining Lease 38/1267 containing the Gruyere deposit (total resource of 6Moz) which is jointly owned by Goldfields (JSE/NYSE: GFI) and Gold Road Resources (ASX: GOR). The Gruyere mine attained commercial production at the end of September 2019 and is expected to produce 300,000oz of gold per annum for the next 12 years.
The Dorothy Hills Shear Zone, the structure controlling the mineralisation at Gruyere, is interpreted to trend through the eastern part of E38/3461. Despite this highly prospective geological setting previous exploration appears to have been minimal, possibly due to widespread transported cover and access issues.
Jindalee plans to collate historic exploration results and initiate negotiations with the Traditional Owners and looks forward to commencing exploration as soon as E38/3461 is granted.