PROJECTS

CRAIGIE ALLUVIAL GOLD PROJECT
EL 5654 DELEGATE NSW

   

Licence Granted: 14 December 1999
Location: 12 kilometres southeast of Delegate
Area: 29.5 square kilometres (13 units)
Target: Alluvial gold in terrace deposits and active stream placers.
Commodities Sought: Gold

Exploration Philosophy:
At Craigie, Capital is searching for resources to support a 500+ oz/year alluvial mining operation in an historic alluvial gold field and is aiming to establish reserves for trial mining.

Project Status:
A number of separate alluvial gold deposits have been identified within the Craigie field and been tested by bulk sampling. Consistent and encouraging results have been obtained from the treatment of 3 large parcels of material from the Shiralee T2 Terrace deposit, one of the 2 most significant deposits under evaluation. A relatively high grade of up to 1615 milligrams gold per bank cubic metre was obtained from one 25 cubic metre test pit where sample excavation control was at an optimum. More bulk testing is planned at Shiralee and a Development Application has been lodged in respect of 2 Mineral Claim Applications.

At the Little Bog Creek prospect on the eastern edge of the tenement, a significantly larger volume of auriferous alluvium has been outlined and bulk sampling has been planned.

Potentially economic recoverable gold grades have been recorded from bulk samples of perched placers and deposits under shallow marshy cover.

To date for 2009 an application to develop a trial mining operation at the Shiralee Terrace 2 deposit has been lodged and site inspections by the Bombala Shire Council have been completed. Further exploration is continuing

Craigie Location Map