State-wide map of mining tenement competitors: Red Rock application indicated in Red
Red Rock Australasia’s portfolio comprises of 15 tenement areas as summarized in the table below. The exploration focus is on hard rock gold, and is based upon key criteria essential to the ore genesis model, found throughout the Victorian Goldfields. Primarily, the focus is upon narrow high grade deposits amenable to discrete underground mining methods.
These criteria are:
- Folded sands, silts and shales of Ordovician to Silurian age metamorphosed to lower green schist facies
- Reverse faults that are variably conduits to mineralisation formed in response to continued east– west compression responsible for the tight folding
- Depositions of gold within saddle reefs, in laminated quartz veins parallel to bedding and west dipping vein arrays with or without flat lying late stage veining usually highly gold rich and strong sphalerite/ galena association
- Identification of gold disseminated into the wall rock particularly in shale similar to the high grade Fosterville deposit exampled by the mineralogy and potential at the Ajax Mine property.
The company is poised to embark upon field mapping, data validation and significant soil sampling as a precursor to drilling across most of the tenements. In addition, 3D modeling is a priority to further refine drill targets.
|Tenement||Location name||Blue project name|
|EL7281||West Ballarat||Blue Chip|
|EL7285||North Ballarat||Blue Ribbon|
|EL7271||South Ballarat||Blue Whale|
|EL7328||Southeast Ballarat||Blue Yonder|