Stakeholder Discusses Ballarat Phase 1 Exploration Program
Executive Summary
The drilling program will target four distinct mineralized zones across the 18,520-hectare property. The Skye Gold Zone features two subparallel gold-in-soil trends extending 1.9km and 1.3km respectively, hosted within felsic gneissic rocks and associated with ENE-oriented structures. The Loki Copper Zone presents a 2.3km x 600m copper anomaly linked to a Jurassic-aged intrusive unit of the Minto Suite, potentially analogous to Selkirk Copper's Minto Mine located 92km southeast. Both zones represent greenfield targets that have never been drill-tested.
The remaining targets include the East Zone, where limited 2016 RAB drilling encountered low-grade gold mineralization up to 0.856 g/t Au over 3.04m, and the Northwest Zone, where 2012 diamond drilling yielded results up to 0.945 g/t Au over 3m. However, both previous programs only tested the periphery of their respective anomalies, leaving the high-grade cores untested.
A significant strategic advantage for the project is its location along 20km of the planned Northern Access Route (Coffee Northern Access Route), with 15.5km representing new construction. Once completed, this infrastructure will provide road access to within 800m of the East Zone and 200m of the Loki Copper Zone, substantially reducing exploration costs and improving logistics for future development activities. The project exemplifies the ongoing exploration momentum in the White Gold District and could benefit from the region's improving infrastructure and proximity to established mining operations.
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