our projects
Mount Vetters Gold Project
The Company has secured a 64.4km2 Exploration Licence located 45 kilometres north-west of Kalgoorlie in the northern part of the Kalgoorlie-Norseman Greenstone Belt (see figure). The tenement is wholly underlain by the Cawse Monzogranite and to the east and west are greenstone sequences.
The Cawse laterite nickel mining operation is located immediately west of the tenement and the Ora Banda gold mining centre is located 8 kilometres further to the west.
Gold occurrences occur within 4 kilometres of the tenement at Cawse and Wellington. These historical prospects are both hosted in granitoids and show strong similarities to the Broad Arrow project granitoid mineralisation.
Exposure throughout the tenement is virtually non-existent with a small granite outcrop in the north-east and the remainder is covered by alluvium and quartz-feldspar sands containing granite, greenstone and intrusive float.
Previous Exploration
During the period between 1997 to 2000 Centaur Mining and Exploration conducted regional gold exploration which included the project area. The principle target was bedrock and palaeo-channel gold mineralisation similar to that discovered at that company's Federal project located east of Broad Arrow (and adjacent to Matsa's Broad Arrow project).
Two campaigns of RAB drilling totalling 82 holes for 2,332 metres and a further Air Core drilling program of 43 holes for 1,433 metres were completed by Centaur.
A significant result from the RAB drilling was returned from CWB569 where strongly anomalous gold values were returned from seven consecutive 1m samples from 35-42m.
The average grade over this interval is 2.30g/t with a maximum of 6.29g/t from 36-37m.
The Air-core drill programme designed to follow-up on the anomalous results from CWB569 showed results from PUMA04 (0.28 g/t over 3m) and PUMA09 (1.83 g/t over 1m within a much wider zone of 24m grading 0.12 g/t).
This anomalous area is regarded as highly significant given the broad nature of drilling on this project. Data review and field inspection suggests that the anomalous area may be related to a palaeo-channel, however alteration of the granite was also noted from remnant drill chips.
Future Exploration
Future exploration will focus on explaining the anomaly through check drilling and thereafter reconnaissance drilling over the entire tenement. Aeromagnetic data will also be utilised to correlate bedrock structures with known mineralisation and the Broad Arrow mineralisation, and possible aerial electromagnetic surveying utilised to map palaeo-channels. A target for this project is 500,000 ounces of gold based on it's similarities to the Broad Arrow granitoid-hosted gold resources.
The project is adjacent to major roads and located within easy trucking distance of the Paddington gold treatment plant should reserves not justify construction of a stand-alone operation.