Niagara (Kookynie) Gold Project
Accelerating It’s Highly Prospective and Underexplored WA Gold Project
Western Niagara 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 six contiguous prospecting licences including P40/1506, P40/1515, P40/1516 and P40/1517 plus the recently acquired P40/1513 and P40/1518. 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 (Figure 1).
The Company has previously received an independent WAMEX compilation report, from CSA Global (CSA), assessing the historical gold production and exploration activity and potential prospectivity at the Company’s newly granted prospecting licenses, P40/1515, P40/1516, P40/1517 and P40/1506 and the recently acquired P40/1513 and P40/1518 (Western Niagara Project). This contiguous land package over ~5km of mineralised trend now creates a significantly enlarged consolidated holding over extensive historic mine workings of the Niagara gold mining district. The tenements incorporate the historic White Cross and Perseverance mining areas and smaller historic working trends including the Christmas and Good Friday trends. The Orion Trend extends ENE to the south of the tenements and hosts the historic Orion/Sapphire Mine.
The compilation report from CSA highlights the material past production and drilling which has occurred on the newly consolidated land package. CSA’s report highlighted that historic workings in the tenement package targeted high-grade quartz veins & were largely operated from 1898-1914 with reported production of 6,800 tons at 25.8 g/t Au for 5,100 oz Au (source: Mount Edon Mines Pty Ltd, 1984).
Extensive historic workings and reported high-grade production in the east of the project area represent an advanced exploration play. The project contains three (3) high priority advanced exploration target areas, two (2) second priority intermediate exploration target areas and three (3) earlier stage third priority exploration target areas. Limited historical drilling has targeted the historical workings at shallow levels with drilling typically 50m depth or shallower. An opportunity exists to extend the known mineralisation from historic workings to deeper levels and along strike with further drilling. The mineralised trends that represent high-priority, advanced exploration targets in the east of the project area are collectively up to 2.5 km in length, including 1.6 km of the White Cross trend from the May workings in the east to the Jarrahdale-Spinaway workings in the west, 400 m of the Good Friday trend, and 500m of the Christmas trend. The central & western project areas represent earlier-stage targets with records of only limited but high-grade historic production. Historical exploration results from the earlier-stage exploration targets are encouraging.
Additional Exploration Potential & Next Steps
Large areas of transported cover not appropriate for auger surveys (conditional on outcomes of regolith study e.g., Perseverance) but may yield basement targets to test via AC or RC drilling if an extended magnetic survey is acquired. The Company continues to evaluate all of its options for advancing exploration of the Niagara Project & expects to advise of next steps with the project during the coming months as it prioritises exploration & development of its soon to be acquired Wyoming uranium exploration properties.
GTI Resources Ltd
89 St Georges Terrace,
Perth, WA 6000
PO Box Z5187
Perth WA 6831
+61 (0) 8 9226 2011