FCG holds Exploration Licence 6648 which covers all historic gold workings in Crow Mountain goldfield
Historic gold mining was focused on narrow high grade gold ore zones hosted in altered (silicified, quartz veined) rocks. Samples from historic mines gave assay values in 1.0 – 17.1g/t Au associated with 0.5-5% Mn. High gold values associated with high manganese values are an indicative of potential for discovery of high grade gold deposits in manganese carbonate vein swarms (similar to those in Wau – Eddie Creek – Hidden Valley gold mining district in PNG)
Even though these historic gold workings are located only 50km from Tamworth, NSW, exploration to date was limited
Drill testing of zones with historic workings undertaken in 1984 has not properly tested the best targets, so that short RC holes with collars close to historic shafts are planned to test potential for high grade gold mineralisation at shallow depth
In 2011 an intersection of 54m @ 0.45 g/t Au (117.4 – 172m down hole) has been made in ICK001 which tested a geochemical Au and As anomaly in altered rocks some distance from historic workings. This intersection is significant because it demonstrates presence of large volume of ‘disseminated style’ gold mineralisation which was not of interest 100 years ago but represents an attractive target of bulk low grade type, so that follow-up drilling is planned.
CRW313 (2.32 g/t Au) – quartz and black oxide
ICK 001 drill core box 158.95 – 165.00m with typical altered porphyry with disseminated sulphidic gold mineralisation (most of the gold assays in 0.2 – 0.6g/t Au range)