Projects
AGV holds highly prospective gold exploration projects in proven gold bearing districts in Western Australia and New South Wales. These include:
The Broads Dam Gold Project
The Broads Dam Gold Project is located in the heart of the rich Eastern Goldfields Province of the Yilgarn Craton in Western Australia. It is the Company’s foremost prospective tenement block comprising 14 tenements covering 3,000ha.
Extensive exploration over the tenement package has located numerous highly prospective gold targets with significant gold intersections.
The Pilbara Gold Project
The Pilbara Gold Project is in the heart of the mineral-rich under explored Pilbara Craton in Western Australia. AGV has the gold tenement rights covering 200km2. Exploration over the northern part of the tenement has identified several prospective gold zones.
Tia River Gold Project
The Tia Gold Project comprises Exploration Licence 7224 located within
the New England Orogen, near Walcha, in north-eastern New South Wales.
During the reporting period, AGV geologists inspected a
moderately-sized Holocene alluvial target area (~85 ha) located along the valleys of Swamp Creek and Agnes Creek. Site
access negotiations have now been held with several landholders in the licence
area. The landholder whose property
covers the uppermost part of the valley drainage system is keen to have the
area tested, and has accepted the Rural Lands Access Agreement proposed by the
Company. If economic gold deposits
are discovered in the upper part of the depositional system, then negotiations
for access will proceed with property owners farther down the valley.
Lost River Deep-Lead Gold, Ruby, Sapphire and Diamond Project
AGV
has been granted a 94 Unit exploration licence (EL 7409) over a large Cainozoic basalt-capped palaeovalley defined
by inverted topography, near Nowendoc, NSW.
Historic
records, coupled with palaetopographic modelling, indicates the potential for a
20 km long gold-bearing deep-lead system beneath basalt within the licence area. Computer modelling of the inverted
topography is underway to determine the likely thalweg axis of the
palaeochannel-hosted deep lead system, and the shape of the palaeovalley. It is expected that this modelling will
allow an extrapolation of the location of the ancient gold-bearing riverine
system beneath the basalt cap, which will then be used to design and implement
a geophysical and drilling program.
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