MOUNT MORAN GOLD MINE
  • $4,000,000.00
  • Available : 1
  • Location : MOUNT MORAN, FORSAYTH AUSTRALIA
  • Quantity :

MOUNT MORAN BATTERY GOLD MINE



FOR SALE - AUD$4.0M – AUD$2.6M Cash + T$1.4M (35%) CONTRACARD



Mining Lease and Exploration Permit Tenement Package ML 3333, ML 3434, EPM 25731 High grade gold lodes Percy River North Queensland Australia



LOCATION & ACCESS



Gulf Country, North Queensland, 120 km south of Forsayth, closest bitumen airstrip 7 hours drive from Townsville or Cairns - access from south or north, 1 km from gazetted road, 2 hours helicopter ex Townsville or Cairns, 2 wheel drive access.



HISTORY

• Historical Mining on ML 3333

• From 1922-1936, stopped by water table

• Multiple workings on three lodes

– The Bosker, Iona, Mona Lodes

• Officially produced 1033 ounces of gold from 1270 tons of ore.

• Mined to max of 27m depth

• Almost no mining on Iona Lode



WORK COMPLETED

• Research on historical production and previous exploration

• Mapping

• RC drilling

• Fire assaying

• Screen fire assaying



RC DRILLING

• Designed to intercept lodes at 30m and 50m vertical depth

• No old stopes intersected

• Quartz vein zones associated with shearing along fold axes

• Variable grade distribution

• Nuggety, coarse visible gold

• High grade ore-shoots suspected within veins



GRADE ESTIMATION

• Grade estimation difficult from RC drilling data

– Grades under-estimated due to dilution from metre based sampling

– Coarse gold – doesn’t pass 100 micron screen with standard crush and grind (flattened) so isn’t picked up by Fire Assay. 14 targets below were re-tested using Fire Screen Assay which on average greatly improved those drilling results by a factor of 5.

– Example – Hole 3 gold was first assayed at 2.08 gpt and later achieving 192 gpt after Fire Screen Assaying had been conducted.



EXPLORATION PERMIT

• 37 sub-blocks – 1100 Ha.

• Plan of Operations approved

• Native Title covered by expedited process

• Environmental Authority approved

• Prospective for high grade gold and copper

MORE INFORMATION

– Gus McClure

– Email: gusmcontracard@gmail.com

– Mob: +614 0772 5888

– Barry Lipscombe

– Email: info.contracard@gmail.com

– Mob: +614 7806 0949







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