Evolution backs Great Southern Mining survey campaign
The survey has been commissioned in partnership with Mount Carlton gold mine owner Evolution Mining, who will be funding half of the costs under a data sharing arrangement.
“Evolution presented us the opportunity to partner with them to acquire this data over our extensive Queensland land tenure which, combined with our ongoing detailed geology and geochemistry programs, gives GSN an incredibily powerful dataset to evaluate new and existing drill ready targets across our projects,” executive chairman John Terpu said.
“In our view, the interest from Evolution validates our reconnaissance exploration and drill programs to date at the Edinburgh Park and Johnnycake projects and gives us the confidence that the geology has all the right attributes to host a tier 1 deposit of a porphyry and/or epithermal mineralised system.
“It also allows us to further examine the promising results of the drill program at the Rocky Ponds breccia.”
The Edinburgh Park project comprises five EPMs covering 777q km while the Johnnycake project covers 150sq km.
Great Southern Mining describes them as “grass roots stage” exploration projects located at the northern margin of the Bowen Basin in a region regarded as being prospective for porphyry copper-molybdenum deposits and epithermal gold-silver deposits.
Evolution’s Mount Carlton mine lies about 30km to the south of Edinburgh Park.
The survey is anticipated to be flown in October 2019 with delivery of the processed data from the survey expected by late November.