In August 2019 Great Northern Minerals exercised the option agreement with Q-Generate Pty Ltd to acquire the former producing gold mines of Camel Creek, Golden Cup and Big Rush in Northern Queensland 215 km west of Townsville. These mines and associated leases make up the Golden Ant Projects.
Last operated in the mid 1990’s the combined mines produced in excess of 150,000 ounces of gold at an average grade of over 2 g/t Au. The Camel Creek and Golden Cup mines are adjacent to each other whilst Big Rush lies 100km to the south west. All of the mines ended in mineralisation when mining stopped in the 1990’s when the gold price was below US$400/oz compared with today’s gold price of greater than US$1,400/oz.
The Golden Ant Projects consists of 11 granted Mining Leases. GNM has recently applied for further ground surrounding the Big Rush area (EPM 27283). The new EPM at Big Rush covers an area of 301km2.
The previous production from the Camel Creek, Golden Cup and Big Rush Gold Mines was confined to shallow pits that provided oxide ore for heap leach operations
- Combined previous open pit gold production of in excess of 150,000 ounces at 1.91 g/t Au.
- Previous gold production via heap leaching and trial CIL Processing.
- Excellent exploration upside with very limited modern or systematic exploration undertaken since production ceased.
- Located on 11 granted Mining Leases covering an area of 9.3km2. Greenpower holds additional exploration leases covering 376km2.
- Third party toll treatment facilities at Charters Towers and Mt Garnet within trucking distance.