Pyramid Hill Gold Project

The Opportunity

The 100%-owned Pyramid Hill Gold Project covers a district scale 3,350km2 tenement holding north of the world-class >22Moz Bendigo Gold Field. The Project also extends to the north-east of one of the world’s highest grade gold mines, the Fosterville Gold Mine owned by Kirkland Lake Gold (NYSE / TSX: KL, ASX: KLA).  

The Pyramid Hill Gold Project leverages off the Victorian Government’s “Gold Undercover” initiative, which estimates a potential 32Moz* undiscovered gold endowment in the Bendigo Zone

Multiple high potential structural and gravity targets have been identified along faults with known gold mineralisation. Field activities are planned to commence in Q2 of 2018. For the latest information please refer to our ASX Announcements.

Location

The Pyramid Hill Gold Project comprises a 3350km2 licence application, and includes coverage over the prospective regional faults where these transect Bendigo Zone geology in outcrop and beneath Murray Basin cover (Figure 1).

The region is enjoying a significant renaissance in gold exploration and development due to the success of Kirkland Lake Gold’s Fosterville operations and other promising exploration results on adjacent properties including Catalyst Metals’ projects located on the nearby Whitelaw fault.

Figure 1. Pyramid Hill Project tenement holdings and regional gold occurences.

Geology and Exploration

The Company has undertaken an initial compilation of regional gravity, aeromagnetic and geological datasets, which are interpreted to show a series of sub-parallel regional faults in Bendigo Zone sediments under the Murray Basin cover. The location of the applications along the Mickelford Fault and other sub-parallel regional prospective faults is shown in Figure 1.

Acquisition Terms

The Pyramid Hill Project is 100% owned.

*Lisitsin, V., Olshina, A., Moore, D.H. & Willman, C.E., 2007. Assessment of undiscovered mesozonal orogenic gold endowment under cover in the northern part of the Bendigo Zone. GeoScience Victoria Gold Undercover Report 2, Department of primary Industries.