Goongarrie Project

Goongarrie East

The Company acquired 100% of 318 km2 of the tenements (all of which have been granted) from Monarch Gold Mining Company Ltd in August 2007

The tenement package at Goongarrie East Project covers the following tenement holdings - E24/140,E29/524, E29/543, E29/572 and E29/573. 

The southern half of the Goongarrie East Project contains the interpreted northern extension of the same ultramafic belt that hosts the Black Swan and Silver Swan nickel sulphide deposits.

The tenements are only 40kms northwest and along strike from Black Swan and Silver Swan and only 11kms along strike from the Scotia East nickel sulphide deposit.

Drilling commenced in early May 2008 on the site to follow up the ground magnetic survey over airborne magnetic anomalies, completed in the March quarter. A thirty-five line kilometre survey was conducted over ten sites in four of the five Goongarrie East tenements. The survey identified wholly concealed ultramafic rocks, potential hosts for nickel sulphide bodies similar to those nearby at Ringlock Dam.