Bligh Resources owns the Bundarra Gold Project which lies within the Norseman-Wiluna greenstone belt of the Archean Yilgarn Craton, approximately 60km north of Leonora in the North-Eastern Goldfields region of Western Australia. The area is serviced with an abundance of infrastructure including a bitumen road running through the project and numerous third-party gold plants within a short trucking distance.
The Bundarra Gold Project is at an advanced stage of exploration. Three open pit mines were developed by Sons of Gwalia (now St Barbara’s) in the early 2000’s. Significant resources have been established below the existing open pit mines. The company has reported Mineral Resources (JORC 2012) across three deposits at the Celtic, Wonder North, Wonder West and a new exploration zone the Bluebush.
The project tenement schedule consists of five Mining Leases, six Prospecting Licences and two Miscellaneous Licences for groundwater exploration covering an area of 60.5km2. To date, more than 3,000 holes have been drilled with an accumulated drill depth of more than 150,000m.
The most recent drilling has been focused at the Wonder North deposit where significant high grade (8- 15 grams per tonne) gold mineralisation over 15 -20 metres true width, has been intersected in diamond drill core up to 350 metres below surface. The mineralised zone consists of abundant quartz veining associated with a typical Archean shear fault, hosting quartz and subordinate carbonate, chlorite and sulphide veins. The lode is estimated to be at least 150 metres in length and remains open at depth. Follow-up drill programs are planned, to fully evaluate the potential of this exciting discovery.Investors Corporate Governance