The Great Bingin Project covers the southern portion of a peninsula into Lake Deborah West, approximately 70km northwest of Southern Cross. The Project was recently converted from a prospecting license to a mining tenement M77/1255 covering 169 hectares.
Gold was first mined in the area in 1911 and the Great Bingin mine was worked to a depth of 78 metres before closing in 1942 due to a lack of manpower. The Project has an Inferred Gold Resource of 54,700t at 7.4g/t for 12,960oz of gold.
The Great Bingin workings are situated in an area of highly metamorphosed interbedded, basic schists, basic lavas and jaspilites. The folding sequence strikes between 305° to 050° and has dips carrying from 35° to 80° to the west and north-west. These rocks are intruded by a network or post-gold, granetiferous pegmatite dykes.
The Department of Mines and Petroleum has approved the reverse circulation (“RC”) drill program. The program will explore the deposit at depth and along strike to the east and west which are all open.