Hodgkinson Project

Hodgkinson comprises five granted EPMs (EPM 19809, EPM 25139, EPM 18171 and EPM 27539) and one EPM application (ELA 27575) covering 365km2, located 100km north west of Cairns. The project is situated between the Palmer River alluvial gold field (1.35 Moz Au) and the historic Hodgkinson gold field (0.3 Moz Au). The Hodgkinson Project incorporates the Elephant Creek Gold, Peninsula Gold-Copper and Campbell Creek Gold prospects.

Figure 7: Hodgkinson Project location

Figure 7: Hodgkinson Project location

Hodgkinson has been extensively explored for tungsten, owing to its proximity to the Watershed and Mt Carbine tungsten deposits, but underexplored for gold. BHP-Utah International completed stream sediment sampling across the entire tenure in the late 1980’s and confirmed that the area was anomalous in gold as well as tungsten.

Figure 8: Hodgkinson Project Geology

Figure 8: Hodgkinson Project Geology

Elephant Creek Gold Project

The Elephant Creek Gold Project is to the north of the Desailly Granite, near the intersection of the regional scale Desailly Suture and Tullah Fault. Alluvial mining occurred around Elephant Creek during 1987-88. Previous exploration has been undertaken at Elephant Creek by BHP-Utah International (1987-88), Cardia Mining (1995-96) and Vital Metals (2016).
The field contains 11 mapped and sampled veins hosting gold mineralisation. Of these veins the Ivory Vein (over 1km of strike length) is the most advanced prospect having been shallowly drilled on a broad spacing. Two segments of the Ivory Vein are considered highly enriched and will be drilled on a tight spacing. The adjacent Dung Vein contains mineralisation to 39.8 g/t Au in rock chip sampling and is untested by drilling.

The best intercepts from the Ivory Vein include:

  • IVRC2016_01 8m @ 13.43 g/t Au (15m) (including 4m @ 26.39 g/t Au);
  • IVRC2016_04 6m @ 4.26 g/t Au (42m);
  • IVRC2016_06 14m @ 2.56 g/t Au (28m);
  • GABP019 4m @ 14.55 g/t Au (12m); and
  • CRC35 19m @ 2.14 g/t Au (27m) (including 13m @ 3.02 g/t Au).

Figure 9: Drilling and rock chip results on the Ivory Vein and Dung Vein, Elephant Creek.

Figure 9: Drilling and rock chip results on the Ivory Vein and Dung Vein, Elephant Creek.

Peninsula Gold Copper Project

The Peninsula Gold Copper Project is to the south of the Desailly Granite. The only recorded work to date comprises 2 shallow RC drill holes and 10 rock chip samples and broad spaced soil sampling. The prospect was identified by an outcropping copper gossan from which rock grab samples collected in 2014, graded between 15.2% Cu and 17% Cu. The chip samples which have been collected contain gold up to 8.71 g/t Au and cobalt to 455ppm. Two shallow RC holes were drilled in late 2016 (average depth 38m): PE2016001 2m @ 0.96 % Cu (14m), and PE2016002 1m @ 1.08 g/t Au (14m). Despite these limited but encouraging results, no further work was completed on the prospect.

Campbell Creek

Campbell Creek is an early-stage exploration prospect and currently comprises seven alluvial gold workings centred around Campbell Creek. The source of alluvial gold is not yet determined.

An annual report lodged by the permit holder with Department Natural Resources, Mines and Energy in 2007, noted two discrete reefs mapped with several occurrences of gold in stone and alluvial gold. An EPM applied for by Sunshine Gold is awaiting approval. The large EPM is undrilled.

Hodgkinson Strategy

The strategy for Hodgkinson is summarised below:

  • collect high resolution magnetic data over the Hodgkinson Project;
  • infill drill the known high-grade segments of the Ivory Vein at Elephant Creek;
  • conduct the first effective drilling beneath high-grade rock chip samples on the undrilled Dung Vein;
  • complete an IP survey over Peninsula;
  • assess, rank and prioritise workflow on multiple other early stage vein targets in the Campbell Creek area (soil sampling, geological mapping and vein sampling); and
  • complete a heritage survey over Campbell Creek.

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