Golden Deeps Limited (ASX:GED) has identified four priority gold mineralised trend targets at its Tuckers Hill Gold Project, near Mudgee in NSW.
The company recently engaged geophysical consultants Southern Geoscience Consultants to reprocess and re-image aeromagnetic data over the Hargraves – Tuckers Hill area with the aim of better delineating the structural and lithological trends that host gold mineralisation at the Hargraves Goldfield.
The new magnetic images show a clear west-northwest lithostructural trend through both the Hargraves and Tuckers Hill areas. Linear magnetic trends in the image are interpreted to be potential gold bearing faults and anticlinal structures (folds) within the interbedded siltstone and sandstone sequence.
The company said the new magnetic images will allow it to target planned exploration on areas that may contain extensions of the gold-bearing quartz reefs at Hargraves.
The priority Hargraves mineralised trend extends through the Golden Deeps tenement for 3.7km to the tenement boundary.
A second target trend extends through the old Eldorado Mine for 2.6km within the tenement.
Additional mineralised trends have been identified six km to the north of Hargraves at Maitland Bar (Maitland Trend) and at Tuckers Hill. All four trends have had little or no modern exploration.
There is only one recorded drill hole on within Tuckers Hill the tenement ELA5963. This drill hole is located on the Meroo Trend 750m north-northwest of the Eldorado Mine. Hole DDH7 was drilled by Challenger Mining Corporation NL in 1988. The hole intersected multiple quartz veins some containing visible gold. A one metre interval assayed 3.2g/t Au from 16m within a saddle reef close to the axis of an anticline.
Following grant of licence application ELA5963 (Tuckers Hill), the company plans to conduct detailed structural mapping and sampling of the quartz veins that returned values of up to 705g/t Au in workings at Tuckers Hill.
Drilling will then be conducted along the anticlinal ridge at Tuckers Hill to target interpreted stacked saddle reef at the fold axis.
