InvestmentPitch Media Video Discusses Outback Goldfields’ Commencement of a Phase 1 Exploration Program in the Historic Victorian Goldfields of Australia – Video Available on Investmentpitch.com

Outback Goldfields announced the commencement of a Phase 1 exploration program on its highly prospective gold projects located in the historic Victorian goldfields of Australia, home to some of the highest grade and lowest cost mining in the world. Two of the company’s four key assets, located around the Fosterville Gold Mine in the Victorian goldfields, will be subject to significant exploration programs starting …

Outback Goldfields (CSE:OZ) announced the commencement of a Phase 1 exploration program on its highly prospective gold projects located in the historic Victorian goldfields of Australia, home to some of the highest grade and lowest cost mining in the world. Two of the company’s four key assets, located around the Fosterville Gold Mine in the Victorian goldfields, will be subject to significant exploration programs starting in the first quarter of 2021.

For more information, please view the InvestmentPitch Media “video” which provides additional information on the company and this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter “Outback” in the search box.

Cannot view this video? Visit:
http://www.investmentpitch.com/video/1_cqwelux2/Outback-Goldfields-announced-the-commencement-of-a-Phase-1-exploration-program-on-its-highly-prospective-gold-projects-located-in-the-historic-Victorian-goldfields-of-Australia

Chris Donaldson, CEO, stated: “We are excited to commence a significant exploration program in the heart of the prolific Victorian goldfields. The primary objective of Phase 1 across the project portfolio is gold discovery via systematic target generation followed by drill testing. Outback has the premier package of tenements both proximate and adjacent to the Fosterville mine. Our technical team is eager to initiate exploration using modern methods.”

The Glenfine project is centered on a 30-kilometer section of the north-trending, crustal-scale Avoca fault which juxtaposes Cambrian rocks of the Stawell zone to the west with Ordovician rocks of the Bendigo zone to the east. On the west side of the fault the property is underlain by a 20 kilometer long by approximately 1 kilometer wide, north-trending, Cambrian aged basalt dome termed the Glenfine Dome where widely spaced historic drilling along its eastern and western margins have outlined numerous occurrences of gold mineralization hosted near the basalt and meta-sediment contact.

High-grade quartz reef-hosted gold mineralization has also been drilled at two primary target areas, the British Banner and Glenfine targets. Previous operators intersected numerous intervals of significant gold mineralization such as 3.8 metres of 9.0 grams per tonne gold with 1.3 metres of 23.4 grams per tonne gold in hole CCD01 at British Banner and 3.8 metres of 5.7 grams per tome gold with 0.8 metres of 21.0 grams per tonne gold in hole PFD031 at Glenfine.

Based on a 3D compilation of all available historic drill hole data, gold mineralization is considered open along strike and at depth at both prospects. A significant field program is planned at Glenfine consisting of 4,000 metres of diamond drilling and concurrent property-scale induced polarization geophysics. Drilling will test the vertical and lateral extent of structurally controlled, quartz reef-hosted, high-grade gold mineralization at the British Banner and Glenfine targets.

IP geophysics will be used to investigate extensions of the known mineralized reef systems and to target the mineralization potential of deformed sedimentary rocks near the underexplored, 20 km long contact with the Glenfine dome. These new geophysical data, together with previously completed airborne magnetics and regional gravity will be used to refine additional drill targets.

The western side of the 698 square kilometer Yeungroon project contains the historic Golden Jacket hard-rock reef mine associated with the regional-scale, northwest-trending Golden Jacket fault which cuts Ordovician rocks of the Stawell Zone. Historic mining records indicate the Golden Jacket mine produced quartz-rich ore with grades of up to 250 grams per tonne gold. Shallow cover over most of the tenement hinders exploration along the interpreted strike-extent of the Golden Jacket fault.

A property-scale airborne magnetic geophysical survey is planned to assist with structural interpretation of the Golden Jacket fault and other regionally important mineralized structures. Higher-resolution ground surveys over prospect sites will follow to help refine the local structural model and aid drill targeting.

A soil geochemical survey aimed at defining the mineralization potential of key structures and structural intersections will be completed following the geophysical survey. These soil-geochemical surveys will also include expanding the footprints of the high-arsenic Wedderburn soil anomalies located on the eastern side of the property. Follow-up top of bedrock RAB drilling of defined coincident geophysical and geochemical anomalies is also planned to assist with refining new drill targets.

Outback Goldfields is well financed having recently raised over $11 million.

For more information, please visit the company’s website, www.OutbackGoldfields.com, contact Chris Donaldson, CEO, at 604-900-3450 or email info@OutbackGoldfields.com.

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72045

News Provided by Newsfile via QuoteMedia

Resolution Minerals Ltd Drilling Program at Sunrise Gold Prospect Completed

Adelaide, Australia (ABN Newswire) – Resolution Minerals Ltd (ASX:RML) (FRA:NC3) is pleased to announce that it has completed the Company’s first drilling program on the Sunrise Gold Prospect at the 64North Project in Alaska. Drilling was conducted along an existing access road, targeting outcropping granite hosted mineralisation, analogous in style to Kinross’s Fort Knox Gold Mine, which is one of Alaska’s most profitable mines. The Sunrise Prospect was identified in 2020 by a RML trenching program and is located less than 5km from Northern Star’s operating Pogo Gold Mine.

Summary

– A 1400m long “fence line” of 27 shallow RAB drill holes designed to test outcropping mineralisation at the Sunrise Prospect has been completed.

Keep reading... Show less

Argyle Diamond Mine Closure: The End of a Sparkling Era

Pink and red diamonds are among the most special gems in the world. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Argyle mine.

The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course, the coveted Argyle pink and red diamonds. Millions of carats of white diamonds were produced at the prolific property as well.

Keep reading... Show less

Argyle Diamond Mine Closure: The End of a Sparkling Era

Pink and red diamonds are among the most special gems on earth. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Argyle mine.

The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.

The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course, the coveted Argyle pink and red diamonds. Millions of carats of white diamonds were produced at the prolific property as well.

Keep reading... Show less

Graphite Metallurgical Test Work Update

Highlights:

  • Bulk sample of Springdale graphite concentrate estimated to be completed in Q2 2021.
  • Concentrate material will then be sent to Germany to test its amenability for the production of battery anode material suitable for use in EVs.
  • Final test results expected in Q3 2021.

Comet Resources Ltd (ASX:CRL) is pleased provide an update on ongoing test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia. Both excellent grade and recoveries were achieved on initial tests, leading to commencement of work to produce a bulk sample for further testing. Importantly, the graphite concentrates previously produced demonstrated a unique and potentially very valuable characteristic in its small size distribution, with two-thirds of the product passing the 38 µm size fraction screen. Generally, this small size fraction of graphite is a by-product of processing of larger flake fractions, which produces smaller size graphite, but in doing so also damages the smaller flake material in the process, reducing their performance and value. Deposits that contain high quality ultra-fine graphite are uncommon and are potentially suitable for supplying the expanding battery anode market, which continues to grow as the sales of electric vehicles (EVs) increase. Graphite suitable for battery anode production also achieves premium pricing in graphite markets, making it a highly sought-after product.

Keep reading... Show less

Medallion Completes Diagnostic Testing with Australian Nuclear Science and Technology Organization

Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) “Medallion” or the “Company”) announces completion of a suite of diagnostic test work at the Australian Nuclear Science and Technology Organization (ANSTO) in Sydney, to extract rare earth elements (REE) from mineral sand monazite. The monazite was sourced from an Australian mineral sand mine. Discussion is ongoing with additional prospective suppliers.

Mineral sand monazite is an abundant REE-rich feedstock, that can be accessed as a by-product from global mineral-sand mines that target zirconium and titanium, without the need for additional mining. Medallion’s business model is centered on the Medallion Monazite Process , a transferable and scalable technology designed to accept multiple mineral-sand monazite feedstocks and extract high-value REEs with high efficiency, high recovery and zero liquid waste.

Keep reading... Show less

Top News

Related News