Gold Prospecting Lease - 10Km from Mount Magnet
Overview
- $11,997
- Granted Mining Tenement P 58/1975 is 198.3 Ha
- Located on a ‘Relatively unexplored’ section of greenstone belt which is ‘relatively rare’ for the area
- Multiple Quartz Veins which contain sulphide ‘Vuges’ as shown in the report
- Convenient Location: Only 10km from Mount Magnet making it easy to resupply
- Great lease for detecting as it has strong alluvial mineralisation. Please see the images provided
- Lease is suited for detecting, or small scaling mining like pushing, scraping or dryblowing or other exploration activities such as soil sampling and drilling
Executive Summary:
The Prospecting Lease P58/1975 is located only 11km east of the mining town of Mt Magnet, a prominent locality for Gold Mining within Western Australia.
The tenement is situated on a Greenstone belt which forms part of the Singleton Formation. The lease contains three different Geological Lithologies being Basalt, a psammitic and pelitic schist (Metamorphises Sandstone) and a Monzogranite.
The Geology displays signs of large scale deformation and heating, with the Monzogranite located on the eastern portion of the lease the likely source of such heat and/or pressure.
Of interest the lease has already had a number of quartz outcrops identified by prior fieldwork, with some showing indication of Iron mineralisation being present.
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