HeadsUp said:
joe said:
funny i started to reply and the image link shows it as peelwood
I cheated !
:8
nice looking spot if its in a gold zone.
LOL HeadsUp, there is no price for peaking at the image properties.
One of many in that area
Should've Gone To Specsavers 8)
But here is some info
ELSIENORA EL676
Overview
The Elsienora Project lies mainly within EL6767 and covers an area 37km2. It is contiguous with and immediately to the south of EL6082 and contains the extensions of the historical Elsienora prospects. The geology consists of Ordovician sediments, volcanic and intrusive in addition to the Late Silurian and Early Devonian sediments and volcanics of the Peelwood area.
Previous Exploration and Mining
The Elsienora Lode was discovered in the 1860s, when many gold prospectors were active in the Junction Point-Tuena area. Most of the mining was carried out between 1890 and 1911, when a number of small shafts, drives and adits were sunk along the main lode and on adjacent quartz reefs and gossans. Modern exploration was conducted in the early 1970s, mostly by Planet Metals. There has been little recent activity.
Current Status
In mid-2011 Balamara conducted a shallow drilling programme at Elsienora to determine whether gold and base metal mineralisation similar to the large-scale McPhillamys deposit, located 50km to the north, is present on this tenement. McPhillamys is a joint venture between Newmont and Alkane Resources and has a stated resource (2012) of 3 million ounces of gold and 60,000 tonnes of copper.
This initial programme confirmed the presence of both gold and zinc mineralisation at Elsienora and, particularly, strong similarities in the structures between Elsienora and McPhillamys. These results gave the Company the confidence to continue with further exploration to focus on potential targets for resource development.
Balamaras drilling programme confirmed very strong geological similarities between the Elsienora prospect and McPhillamys. This drilling combined with historical drilling has outlined a consistent zone of 0.2% Zn that is 500 meters long and up to 100 meters wide, and it is open to the north and at depth.
The anomalous gold values are more restricted but occur within the zone of 0.2% Zn.
At McPhillamys there is a very strong vertical zonation with low grade zinc and anomalous gold nearer the surface and higher grade gold with minimal zinc at depth. The deeper mineralization occurs from 100-200 meters vertical below the near-surface mineralization.
In late 2011 Balamara conducted a further diamond drilling programme at Elsienora to follow up on this initial programme and to test these structures with three diamond drill holes at depths of between 200-400 meters.
On 17th February 2012, Balamara announced that the deep drilling at Elsienora, NSW, indicated a potential for a large-scale gold system. Strongly anomalous gold and zinc results have returned in all holes from the recent deep diamond drilling program of 3 holes, 1378m, at Elsienora, NSW. The drilling was designed to test for the presence of a large-scale McPhillamys-style gold system and the results include a significant intercept of 21m @ 0.89g/t Au from 207m, including 1m @ 14.7g/t Au, 1.48% Zn and 22g/t Ag from 215m. There is also a potential high-grade gold targets which were identified for the follow-up drilling.
Balamara remains confident that Elsienora may ultimately be developed into a commercial project, and this will require further exploration drilling on this tenement to develop the asset.
In conjunction with the nearby Peelwood Project, Elsienora provides the Company with a package of one developed and near-to production asset together with one early exploration asset with considerable upside potential.