Niagara Gold Project
Located ~6km southwest of Kookynie, in the central goldfields of Western Australia
Niagara Gold Project
The Niagara project is located ~6km southwest of Kookynie in the central goldfields of WA. The project comprises one granted exploration licence, E40/342 and four prospecting licence applications, P40/1506, P40/1515, P40/1516 and P40/1517 which were recently pegged and applied for. Access to the project is provided via Goldfields Highway from the town of Menzies and the sealed Kookynie Road which bisects the northern part of exploration licence E40/342 and the southern part of P40/1506 (see Figure 1.).
The project is located within the central part of the Norseman-Wiluna greenstone belt. The geology of the Kookynie-Niagara area is characterised by large rafts of semi-continuous greenstone stratigraphy within the Mendleyarri monzogranite batholith. Numerous historical workings occur within and to the north of the project area, with a number of major historical mines located in the immediate vicinity of Kookynie, including the Cosmopolitan Mine which produced approximately 360,000 ounces of gold at an average grade of 15 g/t gold from underground mining between 1895 and 1922.
The new prospecting licence applications, P40/1515, P40/1516 and P14/1517 include a number of historical mining shafts and shallow workings which were mined during the late 1890’s and early 1900’s A number of small-scale workings & historical shafts also occur within P40/1506 & E40/342.
Exploration completed by historical workers within E40/342, has been limited to broadly spaced soil sampling and limited reconnaissance drilling programs, with the majority of the work undertaken in areas outside the current E40/342 licence area. Exploration within P40/1506, P40/1515, P40/1516 and P40/1517 during the late 1980’s and 1990’s, comprised trenching, sampling and shallow first pass drilling, primarily focused on the historical workings. As a result, the Niagara project remains essentially untested.
The Company successfully completed an auger soil sampling program during March 2020, to investigate the potential for economic gold mineralisation within E40/342. The soil sampling program within E40/342, comprised approximately 197 pedogenic carbonate soil samples, collected on a 100m x 100m grid, using a vehicle mounted auger rig. Assay results from the program are expected to be received during May 2020.
Based on the results of the geochemical soil sampling and field mapping, the Company will consider a program of RC or Aircore drilling to follow up on any anomalous targets.
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GTI Resources Ltd
89 St Georges Terrace,
Perth, WA 6000
PO Box Z5187
Perth WA 6831
+61 (0) 8 9226 2011