Havelock Gold-Antimony Project, Australia
HAVELOCK GOLD-ANTIMONY PROJECT HIGHIGHTS
- High grade past producing gold mines (+ antimony)
- Antimony is potential indicator of an epizonal gold system
- Undrilled, shallow gold and gold-antimony targets
- District scale in a historic mining jurisdiction in the Victorian Goldfields in Australia
- Experienced management team using modern exploration techniques
Location
The Project is located in the heart of the Victorian goldfields near Maryborough, roughly halfway between Bendigo and Ballarat and about 1.5 hours drive from Melbourne, Australia. Paved highways and roads, along with gravel tracks provide year-round, ready access to all areas of the Project. Land ownership is a combination of government (Crown) land and private property.
About the Project
The Havelock Gold-Antimony Project includes two large scale (> 10 kilometre combined) structural gold-bearing trends with minimal exploration with multiple undrilled targets:
Shaw-McFarlane trend: minimal exploration with numerous undrilled targets<
Targets include the McFarlane Shaft and McFarlane Dam, both situated in the central portion of the 9 km Shaw-McFarlane
Trend and are 150 meters apart
McFarlane Shaft: gold/antimony quartz reef mineralization with historical high-grade production
- Never drilled tested
- Mined to 400 feet depth (122 m)
- Historic production grades 1 – 10 ounces gold per ton (avg. 22.5 g/t)
- Mining stopped due to dewatering issues and separating gold from stibnite
- 6 tons of stibnite (antimony sulphide) recovered from the dumps
McFarlane Dam: coarse gold recovered near surface (2010)
- Never drill tested
- Excavated in 2010
- 514 ounces of gold recovered, including 23 kg of reef quartz
- Potentially represents the top of an insitu high – grade gold – bearing quartz reef
The reader is cautioned that the sample selection process described above is designed to identify high-grade samples which may not be representative. The disclosure is included because these samples will be used as a vector to guide future exploration activities specifically at the dam target.
Leviathan-Mariner’s Trend: most historical work and recent drilling completed
Covers 3 km of historic workings. In 2021, the previous operator completed an 8-hole diamond drill program along a 270 m portion of the trend. The drill program returned significant results from 4 of the 8 drillholes, justifying further work.
Table 1 Leviathan 2021 Drill Highlights
| Drill Hole | From (m) | To (m) | Interval (m) | Gold (g/t) |
| 21LEV002 | 232.05 | 239.15 | 7.10 | 3.06 |
| and | 242.40 | 243.51 | 1.11 | 56.40 |
| 21LEV004 | 241.00 | 245.20 | 4.20 | 4.75 |
| 21LEV005 | 335.13 | 337.90 | 2.77 | 18.86 |
| 21LEV006 | 224.50 | 227.74 | 3.24 | 6.91 |
Historic underground mining reached a maximum depth of 500 feet (152 m) on the SMT and 900 feet (274 m) on the LMT, limited by mining techniques and the presence of ground water. Mesozonal and epizonal gold systems are known to have depth extents of more than 1,000 m at other locations in Victoria, highlighting the potential below these historic workings.
Geology
- Epizonal gold systems have created high-grade gold deposits that are now a focus for modern exploration. Significant antimony with gold in this part of Victoria is regarded as a reasonable proxy for epizonal gold mineralization.
- Epizonal deposits are not as common, but recent discoveries are proving to be very significant and include:
- Fosterville Mine (Agnico Eagle) – discovery of the Eagle and Swan zones transformed it into one of the highest grade gold mines in the world (2015)
- Sunday Creek (Southern Cross Gold) discovered high grade gold-antimony veins in 2022 and has attracted substantial attention
- Both projects are gold-antimony, as is Costerfield Mine (Alkane Resources)
