The Barrambie region has a previous history of high-grade gold production. Historical records show that 27,308 oz of gold have been produced from 34,101 tonnes of ore from 4 mining centres. The Doherty's Project consists of three groups of historical mine workings; the Doherty's, Old Camp and South Shear mines. Doherty's is the largest, having produced 2,292 tonnes at a grade of 25.4 g/t gold between 1955 and 1985.
Exploration over the Project area concentrated upon the Doherty's mine and culminated with shaft sinking and underground development where high grade gold mineralisation was defined on the eight level (100m depth) averaging 43.1 g/t gold over a distance of 51m.
All of the previous exploration data has been compiled and re-assessed leading to much clearer understanding of the high-grade mineralisation present. This work has resulted in a complete reappraisal of the deposit and now contains an indicated resource of 25,700 tonnes @ 23.8 g/t Gold for a contained 20,430 oz.
RC Drilling during January 2008 defined further anomalous gold intercepts with a maximum of:
- GWRC001 1m @ 3.5g/t Au from 38m
- GWRC003 1m @ 36.95g/t Au from 76m
The Doherty's project clearly contains a high-grade gold resource and the Company intends to seek a joint venture partner to develop the deposit.