Enterprise announced on 29 September 2017, that it had entered into an agreement to acquire a 90% interest in the Ballard Project, comprising granted Exploration Licences 30/472 and 29/991, located 150km NNW of Kalgoorlie, and 60km north of Eastern Goldfields Limited’s (“EGF”) Davyhurst operation, in the Eastern Goldfields of Western Australia (Figure 9).
Enterprise is sole funding all activities on the tenements until the date when Enterprise delivers a Bankable Feasibility Study. There is no royalty attached to the acquisition.
For details of the terms of the Agreement please refer to ASX announcement: http://www.asx.com.au/asxpdf/20170929/pdf/43ms94ppgc1ss1.pdf
The Ballard Project covers 190km2 of Archaean greenstones prospective for orogenic gold and includes approximately 38km strike of greenstone sandwiched between the Ida Fault and Ballard Shear Zone, both first order structures with potential to focus gold mineralization into proximal subsidiary structures.
The Company‘s immediate focus will be to capture the historical soil sampling and drilling in digital form (the bulk of the historical work is presented as plans and sections in historical reports, and not in digital databases) and confirm the historical work, both in location and tenor of mineralization, before planning extension and/or infill sampling and RAB/Aircore drilling.