Alexander River

Alexander River Gold Project – Overview

Drill-ready with 1.2km long outcropping quartz reef

Tenement: EP 60446

Area: 16.75 km2

Ownership: 100%

Historical Production: 41koz at 26.4g/t Au (cut off grade 15g/t Au). Mine closed in 1942 due to WWII.

Located: 15km from the Blackwater Mine (740koz @ 14.6g/t Au)

1.2km Long Outcropping Quartz Reef

1.2km Long Outcropping Quartz Reef

  • The Alexander mineralisation outcrops for over 1.2kms and is comprised of high-grade quartz reefs and disseminated mineralisation
  • Surface trenching and channel sampling shows that the mineralisation ranges from 2-15m thick, with an average thickness and grade of 4m @ 8g/t Au
  • Surface sampling identified four mineralised shoots
  • Width suitable for mechanised mining

Mineral Resource Estimate

Alexander River has a Mineral Resource estimate of 170koz @ 5.0g/t Au at a 1.5g/t Au cut off

Drill Results

Significant visible gold intersected in the McVicar West Shoot in AX84

Trench Results

Trenching of quartz reef outcrop (over 800m long, 4m wide @ +8.0g/t)

High-grade trench & underground channel sampling (plan view)

High-grade trench & underground channel sampling (plan view)

Alexander River - Comparable to Blackwater

Alexander River (Condamine)

Alexander River
(Siren Gold)

  • 1,200m strike length
  • Historical production of 41koz @ 26.4g/t Au (ceased during WWII)
  • Alexander River potentially larger than Blackwater due to increased strike length (800m - 1,200m).

Blackwater (Tasman Mining)

(Federation Gold)

  • 800m long strike length.
  • Historical production of 1.58Mt @ 14.6g/t Au for 740koz to 700m depth
  • Mined to 700m and open at depth to 1,500m
  • Resource of 700koz to a depth of 1,500m  (0.9Mt @ 23g/t Au)
  • Federation Gold agreement with OGC to purchase asset and provide first US$5m funding
  • Mining permit approved (6 months)
  • Provincial growth fund have provided a $15m loan