The Golden Boulder prospect area has a rich history of old-timer production dating back to the early 1900s, making it a prime target for discoveries using modern exploration techniques.
It also sits on a prominent shear zone in the well-known north-south trending Duketon greenstone belt, where it is surrounded by Regis Resource’s broader 8-million-ounce Garden Well project.
Garden Well already hosts multiple large deposits, including the 2m ounce Rosemont gold mine, the 380,000-gold-ounce Baneygo pit and the Ben Hur orebody containing 390,000 ounces of gold.
Highlighting the prospectivity of Great Southern’s grounds, the massive Gold Fields Limited-owned Granny Smith gold mine is 40 kilometres south and the Ashanti gold-owned Sunrise Dam gold operations are a little further south again.
The two mega operations have produced more than 10 million ounces of gold combined, highlighting the region’s enormous mineral potential. Their proximity could also present a strategic advantage for Great Southern, positioning it within spitting distance of world-class mining infrastructure and expertise.
Apart from the company’s focus on discovering and developing a resource at its Duketon gold project, Great Southern has teamed up with mining giant Gold Fields Ltd in a joint venture to hunt for massive porphyry gold-copper systems at its sprawling Edinburgh Park project in Queensland.
A recent induced polarisation survey at Edinburgh Park has uncovered two large-scale intrusive-related anomalies.
The Leichhardt Creek prospect is a colossal 2km-wide geophysical anomaly that has raised hopes of a big gold-copper system or a rich epithermal gold deposit.
The Mt Dillon prospect has similar markers to Leichhardt Creek and lies beneath a massive silicified lithocap covering several square kilometres.
Adding to the intrigue, the induced polarisation survey lit up with chargeability signals at 200m to 300m deep, hinting at the possibility of a sulphide-rich, well-preserved porphyry system lurking beneath.
With assay results still to come, Great Southern’s latest drilling campaign could be a game-changer for the company, particularly in a surging gold market where high-grade, near-surface and quick-to-develop gold discoveries appear to be drawing the punters’ attention.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
