Mining Directory

An early stage prospective 2,420 ha Exploration Permit for Minerals tenement located in in the Drummond Basin region, Central Queensland. Blue Grass Creek is situated directly contiguous to the Hill 212 Gold Project and the GBM Resources Ltd (ASX:GBZ) Mt Coolon Project. The mineralogy of Blue Grass Creek has been interpreted as a low-sulphidation epithermal gold-silver quartz vein and vein breccia style mineralisation. Previously explored by BHP (ASX:BHP) in the 1980s and then by Dominion Mining Ltd (ASX:DOM) in 1989 to 1990 and Battle Mountain Ltd in 1993 to 1997. Historic exploration included: 1) Geological mapping of the tenement; 2) Stream sediment and soil sampling; 3) Rock chip analysis; 4) Petrographic report; and 5) Preliminary assays. The petrographic report suggests a similar mechanism for gold precipitation to Archaean lodes and many epithermal deposits.

Far East Gold’s recent exploration of Blue Grass Creek includes completing remote sensing spectral targeting (Aster). The Aster satellite imagery provided lithological information and identified alterations associated with mineralisation that ranged from strong argillic alteration with high alunite, kaolinite and low illite to very strong argillic alteration with low propylitic alteration. Analysis of the spectral Aster survey work has suggested a continuation of the Hill 212 Gold Project’s NE trending structural corridor into the Blue Grass Creek tenement. Multiple high quality spectral targets have been identified overlapping historical outcrops of high-level epithermal veining.