The Yalgoo Project consists of granted exploration licence E59/2076 in the northern limb of the Archaean Yalgoo Greenstone Belt. The greenstone belt hosts the Yalgoo historical gold mines together with the Golden Grove Base Metal Mine in the wider area.
The Golden Grove portion of the belt has been the subject of intense exploration for gold and base metals, however the area around the town of Yalgoo has not had any modern systematic exploration applied. This project is at an early stage, but the tenements are prospective for Archaean orogenic gold deposits under cover, Archaean copper/zinc VHMS style deposits similar to Deflector and Golden Grove, and lithium deposits.
The licence covers an area of 125km2 and is located immediately north of the Yalgoo township. The tenement hosts numerous historic gold workings in the eastern part of the tenement associated with quartz veining within banded iron formation (eg Mt Magnet style) and sheared mafic and ultramafic rocks. The known gold occurrences are within areas of outcrop and subcrop, but approximately 60% of the tenement area is covered by soil and sand cover. Previous drilling in this area focused on the historic workings only and there is significant scope to define and drill test additional targets related to stockwork gold in porphyry, and mafic and sulphide facies BIF. Due to the magnetic and electromagnetic properties of the BIF and associated sulphides, geophysics (IP) is considered the most appropriate technique to identify targets for drilling.