(Nagambie Resources 100% ownership)
The Whroo Goldfields are located approximately 130 km north of Melbourne. It is a large historic gold mining area where alluvial gold was mined during the 1850’s gold boom. The project is comprised of 8 tenements that are highly prospective for epizonal antimony-gold mineralisation.
Nagambie entered into a joint venture arrangement with Mawson Victoria Pty Ltd (‘Mawson’, owned by Southern Cross Gold Ltd) in January 2020. Under this arrangement Mawson can earned up to a 70% share in the project. Mawson’s first earn-in is for 0%. As part of this initial earn-in, Mawson drilled two drillholes under the historic Balaclava open pit in 2021. High grades of antimony and gold were intersected, as shown in the table below of select intersects.
Select intersects reported by Mawson Victoria (Southern Cross Gold)
Further information about the Whroo JV can be found at https://www.southerncrossgold.com.au/projects/whroo