New Dundas Gold Project
Thor Mining has entered into a terms sheet for the staged acquisition of 3 tenements covering 340 square kilometres in the Western Australian Goldfields approximately 100 kilometres southeast of Norseman. The tenement package comprises exploration licences E63/872, E63/1101 and E63/1102.
Geologically, the project lies within the Albany-Fraser Province, an area of more than 500km x 100km situated at the south-eastern margin of WA’s gold-rich Yilgarn Province.
The gold potential of the Albany-Fraser Province has been revolutionised in the past 10 years by the discovery of the +5 million ounce Tropicana gold deposit and numerous other gold occurrences of economic potential. Tropicana has been shown to be just one of a cluster of deposits and to extend for at least one kilometre down the dip of the enclosing strata or structure. With the exception of an area surrounding the Dundas land package (Dundas Nature Reserve) which was quarantined from exploration from 1996 until late 2006, the Province is entirely controlled by significant gold mining entities such as AngloGold, Newmont, Dominion, Teck-Cominco, WA mining identity and investor, Mr Mark Creasy, and Triton Gold Limited.
Until the Tropicana discovery, the Albany-Fraser Province was little explored for gold, its potential being hidden by perceived unfavourable geology, very poor outcrop, and in part, burial under younger sediments.
The Dundas project area is located within the general southerly strike extension of the most gold-rich part of the Yilgarn province, the Wiluna-Kalgoorlie-Norseman greenstone belt.Thor Directors believe this may impart an enhanced prospectivity to the section of the Albany-Fraser Province containing the project area.
In addition, the tenements are located in a part of the Albany-Fraser Province where the south-westerly grain of the Province is displaced south-eastwards by about 50km. The overprint of a south-easterly structure appears to mimic elements of the Tropicana geology and apparently creates opportunities for dilation of the rock sequence – a structural element generally favourable for mineralisation. |
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A limited (forty sq km) program of surface geochemical exploration for gold conducted by BHP within EL 63/872, revealed gold anomalies comparable with those associated with gold mineralisation elsewhere in the belt. These are therefore drill ready and untested. The remaining 335 sq km of the Dundas land package is unexplored for gold.
A more extensive program of surface geochemical sampling conducted to the north and west of EL 63/1101, revealed similar anomalies. One of just three RAB drill holes into these anomalies reported a bottom-hole sample of 1.1 g/t gold, confirming the existence of gold mineralisation as a source of the gold anomalies, greatly increasing the prospectivity of the whole area. |
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The tenements lie within the Dundas Nature Reserve, to which access for mining has only recently been restored. A consequence of this is that the area has never been explored in detail and no drilling has been conducted within the boundaries of these tenements.
