The Widgiemooltha district has a long mining history with numerous historic and currently operating gold, nickel and rare metal mines. Despite this long history, considerable exploration potential remains, with significant new discoveries made recently including Invincible (Au) by Gold Fields; Baloo (Au) by S2 Resources, now held by Royal Nickel Corporation; Mandilla (Au) by Anglo Australian Resources; Cassini (Ni) by Mincor Resources, and Sinclair (Cs) by Pioneer Resources.
A significant ground position has been built over the last four years in this premier mining district. Holding costs remain minimal with most tenements still in application (Jindalee is the sole applicant in almost all cases). Available ground in this highly prospective district is very limited and options for realising the value in Jindalee’s tenement package continue to be tested.
A comprehensive district scale targeting study has highlighted a number of high quality targets including:
- the interpreted southern strike extensions of the Mandilla mineralised trend where Anglo Australian (ASX: AAR) has reported gold intercepts of up to 93m @ 3.1 g/t.
- a demagnetised zone of interpreted Chalice Mine stratigraphy under transported cover which has never been drill tested. The Chalice open pit gold mine (excised from Jindalee’s tenements) produced over 0.5M oz at 5.6 g/t in the late 1990’s.
- the northern strike extensions of the ultramafic rocks hosting the Cassini nickel deposit (1.254 Mt @ 4.0% Ni) recently discovered by Mincor Resources (ASX: MCR).
- ultramafic rocks between Mincor’s Republican nickel prospect and the Lanfranchi Nickel Mine which have seen minimal exploration since the 1980’s.
Jindalee is currently planning exploration programs to test these and other targets at Widgiemooltha.