Aphrodite Gold Project
The Aphrodite Gold Project is ideally located 65km north of Kalgoorlie in the Eastern Goldifelds of Western Australia and is close to all major infrastructure. The project has a long history of exploration and resource estimation by several parties dating from its discovery in mid-1990.
Figure 1: Location, Aphrodite Gold Projects in Western Australia
Following the successful merger through a scheme of arrangement with Aphrodite Gold Limited in January 2018, the company completed a plus 12,000m diamond drill program, which was incorporated into the consolidated MRE.
The mineralisation was divided by RL, as per the previous resource estimation. Above 200mbs, the mineralisation was classified as potentially economic to be extract by open pit methods and was calculated using a Localised Uniform Conditioning (LUC) model, while below 200mbs, underground mineralisation was calculated using an Ordinary Kriging (OK) method.
Note: Appropriate rounding applied
Table 1: Aphrodite >=0.50g/t Au above 200mbs – OP resource
Table 2: Aphrodite >=2.50g/t Au below 200mbs – UG resource
The Aphrodite gold deposit is covered by five contiguous Mining Leases, 100% owned by Aphrodite Gold Pty Ltd, a subsidiary of Bardoc Gold Limited. All five tenements have been granted for a 21-year life, with the earliest expiry date in 2028.
The Company has also been granted one Exploration Licence, two Prospecting Licences and three Miscellaneous Licences, all located within close proximity to the Mining Leases.
The Aphrodite mineralisation is situated in the Kalgoorlie Terrane of the Yilgarn Craton, and within the Bardon Tectonic Zone – a high-straight zone in supracrustal rocks extending about 120km north of Kalgoorlie.
The world-renowned Golden Mile in Kalgoorlie has produced over 50 million ounces of gold alone, and KCGM’s Super Pit operation continues to produce about 800,000 ounces of gold each year.
Gold mineralisation within the Aphrodite Gold Project area was first discovered in 1996 when Goldfields Limited drill-tested a 1,200m-long supergene gold anomaly identified during a calcrete sampling program the previous year. The first significant intersection returned from this drilling program was 10m at 8.6 grams per tonne (g/t) gold from within the area’s weathered bedrock (saprolite), above what was subsequently labelled the Alpha zone.
Subsequent drill programs testing the fresh rock mineralisation around the Alpha zone confirmed that the mineralisation at the Aphrodite deposit was contained within two sub-parallel lode structures, known as Alpha and Phi.