Golden Cup

The Golden Cup Mine was a small but high-grade heap leach operation, located 15 kilometres from the Camel Creek Mine and produced 201,081t @ 2.83 g/t Au at a strip ratio of less than 2. Golden Cup was mined as 9 small open pits. The resource potential at depth and along strike of this high-grade mine represents a strong exploration/development target.

Key points:

  • Heap leach processed approximately 200,000t @ 2.8 g/t Au for 18,000 ounces with production finishing in 1993.
  • Ore extracted from 9 pits over a 1.5km strike length with an average pit depth of less than 15m.
    High grade gold intercepts confirmed beneath open pits
    Ø7m @ 23 g/t Au from 32m (GCRC028) &
    Ø18m @ 8 g/t Au from 42m (GCRC030).
  • Mineralisation remains open at depth and along strike.
  • A gold Exploration Target of between 50,000 – 132,000 ounces per 100m of vertical extent has been estimated for Golden Cup.
  • Use extensive historic drill hole database combined with modern data confirmation and validation to estimate a JORC-compliant Mineral Resource.