The Kempfield Tenements are located approximately 29 kilometres south of the New South Wales town of Blayney , in the central-west of New South Wales .
The Kempfield Tenements cover approximately 116 square kilometres and contain a number of barite horizons some of which host silver, lead and zinc mineralization. The barite horizons lie in a north-south trending corridor approximately three kilometres long as shown below.
Resources at a 60g/t silver cut-off total 3.72 million tonnes, which includes measured and indicated resources of 2.75 million tonnes at 96 g/t silver, 27% barite, 0.61% zinc and 0.40% lead. Inferred resources total 0.97 million tonnes at 90.55g/t silver, 24.25% barite, 0.94% zinc and 0.65% lead.
Total contained silver amounts to 11.3 million ounces.
The Trunkey Creek historic gold mining area lies on the eastern side of EL5748 and is prospective for gold.
Kempfield Exploration Programme
The initial exploration at the Kempfield Tenements is proposed in four phases:
Phase 1 : a VTEM Survey of the Kempfield mineralised area will be conducted to establish whether potential massive sulphide deposits can be identified down dip of the principal zones of mineralisation and/or elsewhere along the mineralised trend;
Phase 2: a series of inclined holes will be drilled to establish the down dip extension of the known mineralisation and to target any anomalies identified by the VTEM Survey. If the drilling delineates significant extensions to the existing resources, then studies will be undertaken to determine the economic viability of a project to produce silver, lead, zinc and barite;
Phase 3: new metallurgical test work will be completed to determine the likely recovery of silver from a heap leach operation and, if the results are encouraging, investigate the economic viability of treating the oxide silver resources in this way; and
Phase 4: a series of widely spaced inclined percussion holes will be drilled to investigate the gold mineralisation at the Trunkey Creek historic gold mining area. |