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Bustler Well

Background

The Bustler Well project (E52/2348) is located 65 kilometres south of Mt Augustus on the Landor-Mt Augustus Road, and only 15 km north east of the Mt James project in the southern part of the Gascoyne Complex.   Minor historical gold workings based on quartz–veined schistose arkose that were drilled in 1988 and 1989 with high grade gold values returned from surface and drill sampling provide the main exploration focus for the project.  This is referred to as the “Old Pit Area”.

Exploration Update

Previous sampling of the minor historical gold workings at the Old Pit Area returned assay results up to 81.1g/t Au along with channel samples from pits returning numerous significant results including a channel sample result of 10m @ 2.6 g/t Au within a narrow quartz vein/shear.

In 1988 12 RC holes were drilled at four areas in the project area.  The 3 holes drilled at the Old Pit Area returned 1m @ 37.4 g/t Au from 20 metres (BR1), 2m @ 9.1 g/t Au from 10 metres (BR2) and 3m @ 7.6 g/t Au from 17 metres (BR3).  Other drilling results from the 1988 program were of lower grade and in general less than 1 g/t Au.

Follow up drilling comprising a further 14 RC holes in 1989 focussed on the Old Pit area only.  Holes to the north of the workings returned no significant results but holes south of the pits returned further encouragement with 3m @ 7.2 g/t Au from 47 metres, and 2m @ 4.3 g/t Au from 72 metres from BR15. Other holes returned lower grades.  The mineralised system is open to the south east.

From (m)      To (m)     
Length (m) 
Gold g/t   
BR01 20 21 1 37.3
BR02 10 12 2 9.1
BR03 17 20 3 7.6
BR15 46 49 3 7.2
BR15 71 73 2 4.3

bustler_well_medium.jpg

Bustler Well Project Location Plan
(click for larger image)


Stream sediment sampling from the early 1990’s identified anomalous gold values in streams around 2km to the south east and along strike from the Old Pit Area with a maximum value of 1.9ppb gold downstream from this area.  A detailed stream sediment sampling program to delineate gold mineralized areas ahead of a follow up soil sampling program to provide additional drill targets is in progress.