Mt Finnerty

Southern Cross Projects

Mt Finnerty (Ramelius Resources Farm-in/JV )

Significant work has already been undertaken by Westar in extracting and remodelling a wealth of historical data. Substantial amount of significant assays (>0.1 ppm) and mineralisation trends remain open at depth and along strike. No drilling since circa 1996 when the price of gold was around $400 AUD / Oz.

Historical drilling assays include;

  • MF8880/1376 – 9 m averaging 9.95 g/t Au from 51–60 m downhole depth
  • MF8580/1414 – 6 m averaging 14 g/t Au from 39–45 m downhole depth
  • MF023 – 9 m averaging 98.2 g/t Au from 62–71 m downhole depth
    • including 4 m averaging 215.8 g/t Au from 62–66 m downhole depth
  • MF034 – 3 m averaging 6.4 g/t Au from 54–57 m downhole depth
  • MF038 – 24 m averaging 3.68 g/t Au from 45–68 m downhole depth
  • MFRC 029 – 1 m averaging 236.3 g/t Au from 126–127 m downhole

Approximately 10 km’s strike of greenstone terrain and the potential to host a major deposit.

Oblique long section of the Flinders Prospect with historical RAB/RC drilling, significant intercepts, and interpreted zones of gold mineralisation.

Larger scale (zoomed-out), oblique long section of the Flinders Prospect with historical RAB/RC drilling, significant intercepts and interpreted zones of gold mineralisation

The Mt Finnerty Project is located in the Yilgarn of Western Australia, approximately 430 km east-northeast of Perth and 100 km northeast of Southern Cross. It is located on the Archean Marda–Diemals greenstone belt that trends north- northwest to south-southeast, extending from the Marda Complex in the northwest to Mount Walter in the south. The Marda–Diemals greenstone belt is made up of deeply weathered, mostly soil-covered volcanic and sedimentary rocks flanking ridges made up of more resistant banded iron formation (BIF) and banded chert. Outcrop is generally confined to ridge crests with flanks mantled by scree.

Mineralisation encountered at the Mt Finnerty Project is typically associated with mafic volcanics along an irregular and often sheared granite contact. Most of the mineralisation is located proximal to the granite/ mafic lithological contact where the intrusion of the granite has fractured and inter-fingered with mafics and the granite develops a biotite-rich gneissic texture. Secondary mineralisation appears to be associated with the adjacent felsic volcanics. Supergene enrichment of gold in a lateritic weathered profile is also seen above the Flinders prospect, as it is at the neighbouring Tasman prospect.

Westar considers the tenement is highly prospective, primarily for gold mineralisation. The historical exploration undertaken to date has not effectively tested, nor defined the mineralisation potential of the systems defined by previous explorers.