Our 100% owned Providence Project is located in Central Victoria, around 100 kilometres north of Melbourne, within the Melbourne zone of the Lachlan Fold Belt,. There are significant historical workings in this area, with a number of gold and antimony workings and deposits within our licence area.
We currently hold one active Exploration Licence as part of this project; EL007052 in Reedy Creek which was granted in October 2020. We also have an application for EL007046, to the east of Reedy Creek near Yea, which is currently being reviewed by Earth Resources Regulations. The public submission period for this application has been completed.
We are conducting the first modern exploration of the Reedy Creek Goldfield, including various geochemical sampling programs prior to the current drilling program. Assays reported so far include Drill Hole RWR13 (11m at 31.34 g/t Gold including 4m at 80.05 g/t Gold) from an area of the goldfield that has been the subject of no historic drilling.
The gold mineralisation intersected in the drilling is present as a zone of significant quartz veining with fine grained disseminated stibnite and pyrite. The strike and dip of the mineralised intercept is not yet known and further drilling is planned to investigate the style and extent of the mineralisation.