|Price||$ 190 ,000|
This is a fantastic opportunity to own your own high-grade hard rock gold mine. This mine has produced gold grades of 2400 grams per tonne ( yes 2.4 kg or gold per tonne!) This gold was recovered from sandstone, less then 30 meters below the surface.
The site was last mined in the 1980s, but shut down due to the operators disregard for safety.
currebt surface rock chip assays show 5-10gpt and 1980s sub surface reef assasy returned 34 and 36 gpt.
Sale may include some machinery such as large rod mill, spiral separators and shaker table. Previous owner has abandoned this equipment, but you will need to do your own due diligence.
As a secondary source of income, a gravel quarry could be run in parallel to the gold operation.
Site has possible alluvial as well-this would need to be investigated.
Site has all weather roads, only 35 mins from small city- with all infrastructure.
Large machinery shed on site. .
Superstructure of old quarry equipment still on site, this could be sold for scrap and/or used in mining operation.
1980 a resistivity study was carried out, indication a possible 3rd unmined reef, and continuation of other reefs.
Drill plan was drawn up but never carried out.
Gold was first discovered in the area by Taylor in 1860s. This gold was located on what has become known as the Taylor reef. The Sultan Reef was discovered in1888 (Reference 1) by Mr. Clare, Snr. Work on the Sultan and Taylor Reefs began in 1890. These reefs were mined intermittently till at least 1938. Annual production for 1938 was 6 tons yielding an average grade of 5.75 ounces per ton. Many of the old workings have been covered over . An accurate assessment of the old workings cannot be made at this stage. A model of the workings has been made based on previous geological reports The Sultan Reef has been worked more extensively than the Taylor Reef. The Sultan Reef has been trenched along the outcrop and worked down to a depth of 27 metres along a strike length of 90 metres. Extensive overhand stoping to the surface has been carried out. The Taylor Reef has been trenched upon from near the inter-section with the Sultan Reef in the southwest to the termination of the reef by a NNW—SSW trending fault. Displacement on the surface is 6.1 metres SSW. Surface trenching continues nearly to the Hawkins No. 2 Shaft. The Taylor reef has been mined by overhand stoping from drives along the reef at the 9.1metre level to the surface over most of the known Taylor reef.
With the exception of the main shaft (total depth 35.6metres) there is no recorded information of workings on the Taylor reef below 9.1 metres.
is situated in the northern part of the New England Fold Belt (Figure 2). The New England Fold Belt comprises of highly deformed Palaeozoic sediments and volcanics and Permian to Lower Triassic granites of the New England Batholith. To the east of the New England Fold Belt lies the Ipswich~Moreton Basin containing a thick sequence of Mesozoic sediments. Mesozoic sedments lap onto the New England Fold Belt, which
provided much of the detritus deposited in the basin (Reference6). The Talgai Gold Field is situated within the Palaeozoic Texas
Beds which in part are overlain by Quarternary CondamineRiver alluvium.
The Texas Beds are of Upper Devonian to Upper Carboniferous age. Their thickness is estimated to be several thousand metres. These Beds are comprised of lithiisandstone and mudstone; intraformational conglomerate, slate, chert, jasper, intermediate volcanics and limestone. The Texas Beds probably unconformable overlie the Silverwood Group. Both are unconformably overlain by the Permian and Mesozoic sediments. The beds are intruded by granites.
The Texas Beds cover the area of. These beds have been described in the Regional Geology.
Within M.L.69 the gold generally occurs in quartz veins, varying in thickness from a couple of centimeters to a
metre, within the metamorphics.
A detailed study of the structural lineaments in the area has not been completed. The general strike of the gold bearing reefs in the Talgai Gold Field is west to north-northwest and they have a southerly dip. Mining development in M.L.59 took place on the Sultan and Taylor Reefs. The Sultan Reef strikes approximately north- west and dips 35° to the north east (Reference 5). The Taylor Reef strikes between 50° and 60° and dips between
SOD and 600 to the south east (Reference 5). On the surface the fault has displaced the reef 6 metres eastward.