The Lucky Strike prospect is centred on anomalous aircore drill intercepts within the eastern area of the project. The setting is that of an aeromagnetic high that is associated with a northwest-southeast trending sequence of carbonaceous shale, quartz porphyries and dolerite overlain by palaeochannel sediments. No bedrock had been identified in the drilling that could account for the magnetic anomaly. The setting is not dissimilar to that which is host to the Lucky Bay deposit, some 2 km to the southeast. There, the gold mineralisation occurs within a sequence of iron formation and carbonaceous siltstones/shales, and dolerites, and is also associated with an aeromagnetic high. (Gold production commenced at Lucky Bay in August 2015 based on a resource of 125,600t @ 5.4 g/t Au, for 21,600 oz).

Furthermore, along strike to the northwest within E26/183, anomalous gold intercepts are recorded in aircore holes that intersected a structurally disrupted sequence of quartz veining, iron formation, argillite, and dolerite. The holes in question were not regarded as significant at the time, as they are at the northern end of drill traverses designed to test soil anomalies.

The first phase of exploration planned for the Lucky Strike prospect is to infill air core drill around the anomalous intersection of 22m at 2.97g/t to investigate the controls on the gold mineralisation and bedrock geology.  A follow-up phase will involve drilling a series of air core traverses across the projected mineralised trend toward the north west.

Lucky Strike Prospect – Drill Hole Location