CEO, Stratum Metals, Martin Holland takes you on a journey on Australia’s most historic goldfield
Stratum Metals has created a unique opportunity by consolidating 70 prospecting licences, 1 exploration licence and 2 mining leases for a total of 152km2 in the historic East Menzies Goldfield.
The consolidated area includes over 444 historic mine workings, the Goodenough underground mine, the Granny Venn and Aunty Nellie open pits, plus good quality magnetics data and a recently acquired project wide high density electromagnetic (EM) dataset.
Since consolidation Stratum has completed initial drilling identifying continuation of gold mineralisation beyond the Aunty Nellie Pit limits, generated high grade gold assays from drilling around the Goodenough mine area, commissioned a project wide high density HeliTEM survey and geophysics based structural interpretation, plus completed extensive data compilation and validation work to support exploration targeting.
The project area also shows potential for Nickel Sulphide Mineralisation – the EM survey has generated in excess of 200 conductors with 20 conductor plates now modelled in priority areas.
- Geophysicists report conductors indicate potential for massive sulphide mineralisation
- Recent gossan sampling by Stratum has generated elevated nickel grades along ~600m of strike – peak assay 1.47% Ni (ASX announcement 26 March 2013)
Stratum Metals is now in the final stages of target prioritisation and intends to progress a combination of soil geochemical surveys and drilling of first priority targets aimed at identifying both gold and nickel sulphide mineralisation, while testing the mineralisation models being developed by the company, with the ultimate aim of defining mineable resources.