Overview

  • 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

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)

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)

Princess Mine Workings

Princess Mine Workings

CRW312 (5.75 g/t Au) - quartz and black oxide

CRW312 (5.75 g/t Au) – quartz and black oxide