Weelah EL 6309
The Weelah tenement covers an area of 50 units, 150km². It can be reached from Sydney via the Mid Western Highway to West Wyalong. The Weelah tenement is situated on the Cowal Volcanics and a splay of the Gilmore Suture, a focus for gold projects in the Lachlan Fold Belt. The Cowal Gold Mine, producing 240,000 ounces of gold per annum and owned by Barrick–Placer Dome (the world’s largest gold mining Company), shares its perimeter to the south with Augur’s Weelah tenement. Further details can be found in Augur’s Prospectus.
- Located 15km north of the Cowal (Endeavour 42) gold deposit of 101Mt @ 1.13 g/t gold (4.1M ounces) and on a splay of the Gilmore Suture, the same structure as at Cowal.
- Targets are gold in quartz, carbonate, sulphide veins as at Cowal, and Peak-Cobar type deposits within sedimentary sequences.
- A linear north-west trending magnetic anomaly comprising three discrete zones is located inside the south-west boundary of the tenement.
- A north-west splay fault and several high intensity magnetic anomalies indicate andesite. A magnetic low implies epithermal style high sulphidation gold.