Reedy Creek

Reedy Creek Project - Victoria

The Reedy Creek Project is located 70 km north of Melbourne in Victoria and is accessible via the Hume Highway adjacent to Kilmore. The project is located within the Melbourne geological zone consisting of Siluro-Devonian turbidites intruded by Late Devonian granite and diorite dykes.

Gold and antimony mineralisation within the project is hosted by northeast and northwest-trending quartz diorite dyke sets, interpreted to represent a ring dyke-type structure.

Drilling completed by Beadell in 2008 resulted in the classification of a preliminary inferred JORC resource of 609 000 t @ 2.4 g/t gold for 47 000 ounces calculated at a lower cutoff of 0.5 g/t using Ordinary Kriging.

The mineralisation remains open at depth with excellent potential to define additional ore shoots within the 800 m strike between Golden Dyke and Apollo. A best result at the central Rising Sun area recorded 8 m @ 12.5 g/t from 66 m which remains open (Figure 9).

A work program is in the final stages of approval to complete a major resource drill out which would entail the drilling of 32 shallow RC holes totalling 4000 m of drilling. A Cultural Heritage Management Plan has been approved for this work including a Heritage survey of the area.Reedy Creek drill hole location plan

Reedy Creek Project - Clonbinane RC drill hole results