The Ashburton project covers major regional structures considered to be highly prospective for gold mineralisation and occurs in the region hosting Northern Star’s (ASX:NST) Paulsen’s gold deposit and Kalamazoo’s (ASX:KZR) Mount Olympus gold deposit (Figure 1).
The project area presents an excellent opportunity for the discovery of large mineralised systems with:
- Deep seated lithospheric faults providing pathways for mineralized fluids,
- 80km strike across highly prospective structures,
- a history of very little modern exploration, and
- evidence of large mineralized systems in the district with two major gold mines located along strike