Ironstone Gold Prospect (100%)

The Ironstone gold prospect contains sparsely defined mineralised shear zones where historical drilling encountered 24 metres at 8 g/t gold consisting of sheared basalts and quartz veining. Adjacent holes also encountered significant mineralisation including 4 metres at 5 g/t gold and 4m at 2 g/t gold.

IRRC002-003 and 005 targeted a historical high grade gold intersection and encountered wide zones of sheared basalt containing quartz carbonate veining and silica-sericite alteration. The holes encountered widespread gold mineralisation including 12 metres at 1.85 g/t gold.

Geological map of the Ironstone Gold prospect showing WCN’s IRRC holes and historic drill locations

Cross section showing mineralised lodes, open at depth and to the south

Soil Geochemistry

As part the regional Merolia Gold Project soil geochemistry sampling program, a significant bullseye gold anomaly was identified 190 metres east of recent and historical drilling that intersected 4 metres at 5 g/t and 0.3 metres at 25 g/t gold (figure above).

The soil anomaly at Ironstone contains a peak gold value of 340 ppb (0.34 g/t) which occurs within a halo of +100ppb gold values. (figure below)

Geology map showing the Ironstone gold soil anomaly and adjacent drilling

Aircore Drilling

A 2,000 metre drilling program targeting the Ironstone bullseye gold anomaly, 200 metres west of previous drilling identified multiple broad mineralised zones from shallow depths. The intersections remain open at depth and along strike with results including:

  • 4 metres at 1.8 g/t gold within 12 metres at 1.1 g/t gold
  • 4 metres at 1.3 g/t gold and 5 metres at 0.6 g/t gold
  • 4 metres at 0.79 g/t gold and 4 metres at 0.77 g/t gold within 12 metres at 0.66 g/t gold

In addition to the main mineralised intersections there are wide zones of +0.2 g/t gold mineralisation that indicates the presence of a large mineralised system and alteration halo.

Geology map showing the Ironstone Aircore drilling locations, interpreted gold mineralisation and further planned drilling

Cross section showing interpreted mineralised zones on Section A-B