West Wyalong Overview
High Grade Vein Opportunity in Tier 1 Australian Gold Province
The 242 km2 Project is located approximately 125 km north of Wagga Wagga and consists of a joint venture tenement (EL8815) and a Saturn tenement (EL9168). EL8815 encompasses both the West Wyalong Goldfield and the smaller Hiawatha Goldfield to the north.
West Wyalong Project Location
West Wyalong is located in the well-endowed Lachlan Fold Belt, host to major gold deposits, including Cowal Gold Mine (Evolution) and Cadia Gold Mine (Newcrest). Recorded historical production from the West Wyalong Goldfield, which operated mainly between 1894 and 1915, totalled approximately 439,000 oz Au at 36 g/t Au1. Peak production was in 1899 at 44,534 oz Au at 90 g/t Au1.
Regional Setting of West Wyalong Gold Project
Saturn can earn 85% in the JV tenement by spending a total of $2.1 million over approximately 4 years (see ASX Announcement 28 April 2020 for details).
West Wyalong mines are shallow by current standards and mineralisation is open down dip and plunge.
Results from the first four exploratory diamond holes drilled in 2021 to test the Mallee Bull Reef structure beneath old workings:
- confirmed the extension of gold bearing quartz reef structures at depth beneath old workings;
- identified wide geological corridors with potential for multiple gold shoots;
- developed the geological model for refinement of targeting work; and
- provided additional information on the extent and position of old workings.
3D Representation West Wyalong Gold Bearing Vein Field
Oblique 3D – Long Section View of the Maiden West Wyalong Drill Program
Geology Map over West Wyalong and Hiawatha Goldfields
The geological information and assay data returned from this drilling program improved the understanding of the reef structures and were essential to design and direction of the next phase of the exploration program.
(1) GS1928/007 Geological Survey of New South Wales (1975) Annual Report Compilation, West Wyalong Division – Forbes Sheet R0018585 Table of Historic Production Figures p.41/p42.