Cowal Gold Corridor Opening Other Doors

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1 Cowal Gold Corridor Opening Other Doors 1

2 Objectives The Doors of the Corridor local geology of Cowal Gold Corridor Styles and controls on mineralisation within the Corridor Vein paragenesis Summary of characteristics of Cowal Gold Corridor and its deposits 2

3 Regional Geology 148º0'E MolongVolcanic Belt Rockley-GulgongVolcanicBelt Rockley- Gulgong Belt Legend Alkalic porphyry Au-Cu Calc-alkalic porphyry Cu-Au Kaiser Peak Hill Au skarn High sulphidation Au E42 Au - (Zn, Pb) Junee Narromine Belt LTZ Goonumbla Cowal Gold Corridor West Wyalong Parkes Cargo Marsden Copper Hill Cadia Orange Big Cadia Junction Reefs LTZ 33º00'S Gidginbung Temora Molong Belt 100 km Modified from Holliday et al., 2002

4 Cowal Volcanic Intrusive Complex 4 Booberoi Fault Zone Marsden Lineament Marsden Lineament Gilmore Gilmore Fault Fault Zone Zone

5 Regional Simplified Geology EL5616 Cowal Gold Corridor Volcaniclastics Gilmore Fault Zone ML1535 Marsden Lineament Muddy Lake Diorite Phase 2 Intrusion ( Ma) Granodiorite Phase 3 Intrusion ( Ma) Gilmore Fault Zone Marsden Lineament EL1590 5

6 The Doors of the Corridor E46 Resource Currently under evaluation for Resource potential E42 Open Pit Proven and Probable Reserves: 78.6Mt at 1.26g/t Au (3.19Moz) Resource Resource: 8Mt at 1.4g/t Au (0.34Moz) 6

7 E42 Geology West TRANSPORTED SEDIMENT VOLCANICLASTICS LAVA Cowal Fault MUDDY LAKE DIORITE 7

8 Cowal Gold Corridor Styles of Mineralisation Supergene Oxide Blanket Sheeted Vein System Shear Zone Lode Style E46 West J Walker Zone E46 8

9 E46 Geology SUPERGENE ZONES SHEAR ZONE LODE STYLE MUDDY LAKE DIORITE Fault LAVA Bedding Bedding 9

10 Geology SUPERGENE ZONES Fault Fault SHEAR ZONE LODE STYLE SHEETED VEINS MONZOGRANITE Cowal Fault MUDDY LAKE DIORITE 10

11 Cowal Gold Corridor Styles of Mineralisation Supergene Oxide Blanket Sheeted Vein System Shear Zone Lode Style E46 West J Walker Zone E46 11

12 Supergene oxide zones Several hundred metres wide; 1-15m thick Associated with dark brown- black goethite stringer veining and goethite rich quartz veins Saprolite/Saprock 1.27 BOCOS BOCOS E46 West 12

13 Cowal Gold Corridor Styles of Mineralisation Supergene Oxide Blanket Sheeted Vein System Shear Zone Lode Style E46 West J Walker Zone E46 13

14 Sheeted Vein Systems Moderately dipping dilational veins with disseminated sulphides Calc-potassic alteration Overprinted by carbonate-base metals e.g. rare sphalerite and galena, mainly chalcopyrite qz py ± cb dilational vein hosted in act-mgtalb-chl altered diorite 14

15 Sheeted Vein Systems Pre- Au mineralising event Rock competency dilational veins in diorite and volcaniclastics Structures Degassing deep intrusive source Adapted from Corbett and Leach,

16 Cowal Gold Corridor Styles of Mineralisation Supergene Oxide Blanket Sheeted Vein System Shear Zone Lode Style E46 West J Walker Zone E46 16

17 Shear zone lode style Structurally controlled mineralisation Phyllic alteration: ser ±si±py±cb (ankerite) F F Fault Qz-ank-py veins 17 J Walker Zone

18 Shear zone lode style E46D m 79 g/t Au E46D m 6.45 g/t Au E46D m 2.97 g/t Au E46D m 18.6 g/t Au E46D m 3.67 g/t Au 18

19 Shear Zone Lode Style Quartz sulphide breccias Quartz sulphide breccia E42D m 1.18 g/t Au Shear veins E46D m 2.97 g/t Au Dilational jog within shear zone g/t Au

20 Vein Paragenesis Act-ab-mgt-chl alteration cross cut by qz-ksp-cb Qz-py±cb vein hosted in act-ab-mgt-chl altered diorite Qz-cb-py shear vein with minor cpy-gn-sph hosted in volcaniclastics Late cb-ep vein cut by ep-cb-prehnite veins hosted in diorite High Temperature Sheeted veins Taken from Controls to Low Sulphidation Epithermal Au-Ag Greg Corbett,

21 Vein Paragenesis CBMS Event cpy py sp Au sp gn cpy py Au Dilational vein Fractured pyrite (creamy) containing vein fillings of sphalerite (mid-grey), gold (bright golden yellow) and a little chalcopyrite (yellow, less bright than gold). Plane polarised reflected light, field of view 0.25 mm across. Quartz sulphide breccia Fractured pyrite (creamy) invaded by sphalerite (mid-grey) with chalcopyrite inclusions, galena (pale grey) and gold (golden yellow). Largest gold grain is 25 µm across. Plane polarised reflected light, field of view 0.25 mm across. 21

22 Taken from Controls to Low Sulphidation Epithermal Au-Ag Greg Corbett, 2006 E46 J Walker Zone 22

23 Australia Pacific Operating Committee 12 th April, 2007 Questions? 23

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