Boadicea has submitted an application for an exploration licence for EMP27752 in the Charters Towers Province of North Queensland. The proposed licence covers a total area of 117km2 (see Figure 3). It is located approximately 20km south-west of the Ravenswood gold mine, currently owned and operated by Ravenswood Gold, a private company owned by EMR Capital (“EMR”) and SGX-listed Golden Energy and Resources Limited (“GEAR”).
Figure 3 West Ravenswood Location
Surface geochemistry and prospecting conducted by BHP in 1994 and 1995 has defined a single anomaly over a previously untested target, known as Dreghorn. The Dreghorn prospect has been identified from stream samples and BLEG (Bulk Leach Extractable Gold) analysis and has an anomalous strike length of more than 4km.
Figure 4 BHP BLEG Sample Location
Charters Towers Province
The region is highlighted by a number of multi-million-ounce deposits that have multiple geological settings, including:
- Intrusive Related Gold (IRG) similar to those of the Ravenswood field including:
- sulphide quartz shear lodes,
- narrow high-grade veins,
- large quartz-sulphide vein stockworks.
- Early Devonian mesothermal gold-quartz mineralisation
- Porphyry style, breccia-hosted gold-copper mineralisation
- Poly-metallic + gold mineralisation in either breccias or contact vein hosted systems
Boadicea’s strategy and proposed work program for the West Ravenswood licence area covers the same geological units of the Ravenswood Granodiorite complex that are contiguous with and hosts the Ravenswood gold deposits, and proposed exploration is supported by the anomalous stream sediment samples mentioned.