- Anglo Australian Resources has identified gold mineralisation at the Bull Dog and Nicolsons East prospects from recent drilling at the Koongie Park Gold Project
- Anglo Australian holds a substantial ground position at Koongie Park – nearby highly-prospective Nicolsons Gold Project
- Very minimal gold exploration has been conducted
- Anglo Australian plan to explore further as well as review geochemical gold anomalies identified from past exploration
Anglo Australian Resources has released positive drilling results from its wholly-owned Koongie Park Gold Project.
The Koongie Park Gold Project is located approximately 20 kilometres south-west of Halls Creek in the Eastern Kimberley region of Western Australia.
The company’s tenements are adjacent to the highly-prospective Nicolsons Gold Project. The Nicolsons Gold Project is owned by Pantoro and currently produces gold at an approximate rate of 50,000 ounces per annum from the Nicolsons Shear Zone.
Anglo Australian holds a large ground position at Koongie Park. It comprises approximately 15 kilometres of the Nicolsons Shear Zone to the north of Pantoro’s ground, as well as 15 kilometres to the south. The company’s entire area is yet to be drill tested.
Anglo Australian also holds approximately 40 kilometres of strike along the Nicolsons East Shear Zone. Whilst the area has seen several exploration programs since the 1970s, the focus was on exploration base metals rather than gold.
The recently completed drilling program on the Nicolsons East Shear Zone included drilling 15 reverse circulation (RC) holes for 822 metres. It targeted gold mineralisation using modern drilling techniques.
The company targeted the Bull Dog Prospect where rock chip samples have previously assayed at up to 73.58 grams per tonne of gold. The Nicolsons East Prospect was also targeted where rock chip samples previously assayed at up to 15.7 grams per tonne of gold.
Recent drilling confirmed zones of quartz veining in most holes with various gold assays. The best intersection was at Bull Dog which contained significant grades of 11.27 grams per tonne of gold over 1 metre.
Anglo Australian has concluded the prospects are worthy of further exploration. The company has separately identified several other geochemical gold anomalies from past exploration at the project.
These anomalies will undergo further review including field validation in the next few months.