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General mining & base metals

Nagambie Mining's Wandean gold anomaly takes shape in Victoria

Nagambie Mining (ASX: NAG) has used infill soil sampling to help refine the shape of the gold-arsenic-antimony mineralisation trend at the Wandean prospect, located nine kilometres north-west of the Nagambie Mine and within the company's wholly-owned EL 5430 in Victoria.

Nagambie is focussed on open-pittable and heapleachable gold deposits, and holds a 500 square kilometre footprint encompassing historic goldfields at Nagambie, Redcastle and Rushworth.

A highlight from the program was the best soil result ever achieved by the company in the Nagambie region, which was 239 ppb gold, 13,607 ppb arsenic and 946 ppb antimony for an overall 31.7 anomaly factor.

These latest results build on from the extension of the indicated east-west gold mineralisation trend to around 1,050 metres in length last month.

Nagambie will keep exploration moving forward quickly, and is currently finalising a reverse ciruclation drilling program at Wandean, which will allow the company to see what the bedrock mineralisation looks like under the soil sample.

The size of the gold anomaly at Wandean approaches the dimensions of the mineralisation mined at Nagambie in the 1990s, and the arsenic/antimony association of the gold confirms the mineralisation style to be similar to that at the old Nagambie Mine.

The average mined grade for the Nagambie Mine was 0.8g/t gold.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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