ActivEX’s (ASX: AIV) local Townsville contractor Eagle Drilling has commenced drilling within the Mt Hogan and Split Rock tenements focussing on the historic Mt Hogan gold mining operation in Queensland.
The vertical drilling will have a planned average depth of 127m to a maximum of 160m and a proposed total of 3,175m of Reverse Circulation (RC) drilling.
“This is an exciting development for ActivEX in our goal of defining our maiden JORC compliant gold resource at the Gilberton Project and are happy to share the journey with our partner HK Create Capital Investment Group Limited (HKCCIG) who share our vision of the gold potential of the Gilberton Project,” Managing Director, Mark Derriman, said.
“There has been no mining within the Gilberton Project since the Mt Hogan operations ceased in December 1994 having commenced in 1992 mined 464,134T @ 5.15g.t for a total gold production of 74,930oz.
“Our goal is to find more gold at Mt Hogan in addition to the two other historic mining operations at Josephine and Comstock – We will explore in the shadows of the head frame."
Background
The Gilberton Gold Project is situated in the Georgetown Province in northeast Queensland, approximately 300km west-northwest of Townsville.
The Mt Hogan gold deposit is the largest historical gold producer in the Gilberton district at 74,930oz. The deposit is located 18km northeast of Gilberton and is hosted in the Proterozoic age Mt Hogan Granite.