Share Price: $0.060

11:00PM 23 Aug 2019

  • Youno Downs Gold

    This application E51/1908, is still awaiting grant.  Located approx 60km southeast of Meekatharra, this area forms part of the north western extent of the Youanmi Terrain Greenstone belt. The local geology comprises typical northwest trending mafic volcanic with BIF and minor ultramafic rocks, enveloped by metamonzogranite to metagranodiorite rocks of the Tuckanarra Suite. 

    A north to south trending fault strikes through the centre of the greenstone belt, which appears to be extension of a larger regional fault system.  Initial evaluation of the geophysics shows north south trending magnetic high, supporting the presence of a greenstone belt thought to be extension of Youanmi Terrane Greenstone Belt which hosts several gold systems. Limited drilling has been undertaken. Previous rock chip samples from the tenement area returned the following anomalous values :

    Au @ 8.22 ppm

    Au @ 5.04 ppm

    Au @ 4.47 ppm

    Au @ 3.1 ppm

    Au @ 1.69 ppm

    Au @ 1.39 ppm