West Wyalong JV Overview
High Grade Vein Opportunity in Tier 1 Australian Gold Provence
The Project is located approximately 125km north of Wagga Wagga and consists of a 91km2 brownfield exploration tenement (EL8815). EL8815 encompasses both the West Wyalong Gold Field and the smaller Hiawatha Gold Field to the north.
West Wyalong Project Location
West Wyalong is located in the well-endowed Lachlan Fold Belt, host to major gold deposits, including Cowal Gold Mine (Evolution) and Cadia Gold Mine (Newcrest).
Recorded historical production from the West Wyalong Goldfield, which operated mainly between 1894 and 1915, totalled approximately 439,000 oz Au at 36g/t Au a1. Peak production was in 1899 at 44,534 oz Au at 90g/t Au a1.
Regional Setting of West Wyalong Gold Project
Saturn can earn 85% by spending a total of $2.1 million over approximately 4 years (see ASX Announcement 28 April 2020 for details).
West Wyalong mines are shallow by current standards and mineralisation is open down dip and plunge. Drilling is planned to test the targets as conceptually illustrated in the long-section below.
Geology Map over West Wyalong and Hiawatha Gold Fields
(a1) GS1928/007 Geological Survey of New South Wales (1975) Annual Report Compilation, West Wyalong Division – Forbes Sheet R0018585 Table of historic production figures p.41/p42.