The Company holds a total of 16, 100% owned mineral licences in the Tarcoola Region of South Australia, approximately 650km north-west of Adelaide in the Central Gawler Gold Province, Figure 1. The 14 granted exploration licences, one mineral exploration licence application and one mining lease straddle the Adelaide to Perth railway line
Gold Prospectivity of in the Central Gawler Craton Gold Province
The central area of the Gawler Craton has demonstrated potential for significant accumulations of economic gold mineralisation, as indicated by the Tunkillia gold deposit (588,000 ounces of gold in resource) and the historical mining centre of Tarcoola where over 84,000 ounces of gold has been mined. A further 97,000 ounces of gold remains in resource at Tarcoola and is currently being mined by ASX listed WPG Resources Limited (“WPG”) who control both the Tarcoola and Tunkillia Deposits.
Many smaller historical gold workings are present throughout the region and remain underexplored, including the Lake Labyrinth, Company Well and Earea Dam workings, which fall within the Company’s project area. These and a number of other targets identified by the company are a high priority for further work. (Figure 2).
Figure 1 - Wilgena Tenements and Location
Figure 2 - Wilgena Priority Targets