Unity Mining Ltd. Update on the “Golden Granodiorite
Transcript of Unity Mining Ltd. Update on the “Golden Granodiorite
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Angela Lorrigan - Sept. 15th 2015
Unity Mining Ltd.
Update on the “Golden Granodiorite”
The Dargues Project NSW
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Project fundamentals
Located approx. 60km SE of Canberra
Planned underground mine to produce approximately 50,000oz gold pa. over an initial 5 year mine life
Resources: 1.6Mt at 6.3g/t for 327 koz gold
Reserves: 1.4Mt at 5.2g/t for 233 koz gold
Deposit remains open at depth
Road, sediment control and box cut complete, on care & maintenance
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Current status
An application to modify the existing project planning approvals — in the form of a comprehensive Environmental Assessment — was been submitted to the NSW Department of Planning & Environment. The Environmental Assessment was accepted and lodged for Public Exhibition for a period that ended last week.
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Development comparisons
1 km
1 km
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Flooding in urban areas – it all goes down the drain
“Huge mounds of debris and rubbish litter North Wollongong beach” Illawarra Mercury 3rd Sept. 2015
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“Enough of the rubbish”
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Finding the fastest way home
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Development of an exploration strategy?
What does the mineralisation look like?
What are the main features that will help find it?
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Plan view – Diorite = green; Resource = yellow; and Ruby min. = red
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High Grade Phyllic Lode 5-20 g/t Au Ser/Chl/Carb/Py /Mag. dest.
Med. Grade Felsic Lode 5-20 g/t Au Alb/Haem/Carb/Py +/- Chl/Ser Mag. dest.
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Dargues Looking South
Diorite
Main Lode
Bonanza Lode
Plums Lode
400 m
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Dargues Looking North
Proposed Decline
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Cross section view
100 m
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Hylogger data DREX27
Main Gold Zone
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Dargues
Chloritic’ (chlorite/carbonate/amphibole). Sericitic’ (illite/muscovite/smectite + chlorite/carbonate); Pyrophyllitic’ (pyrophyllite/alunite+chlorite);
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RTP Image
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IP Surveys Comparison
Location Plan
1987 Survey
2007 Survey
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Gradient Array - Chargeability Image
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Gradient Array - Resistivity Image
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3D Model snapshot
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Au Bi
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In light of this knowledge the strategy is as follows: 1. Prioritise the sericitic zone on the ASTER map 2. Identify structures with magnetic lows 3. Gradient array I.P with chargeability and resistivity features 4. Soil sampling – B Horizon – Au or Bi 5. Drill
10 targets prioritised on this basis, in addition to E and W extensions of Dargues itself.
Dargues is also open at depth. The last drill hole reported
13 m @ 7.4 g/t au
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Acknowledgements Greg Cozens Dave McInnes Drazen Vukovic