Welcome to Gossan Hill Gold
An IPO sponsored by Carbine Tungsten Limited (CNQ), with an anticipated listing date of Q1 2012.
Focusing on the development of gold prospects in NSW, with four high quality projects, all drill-ready.
Projects
Two CNQ projects, with recent discoveries at Peel Fault and Weabonga, together with two vends: Mt Adrah with 239,000 oz JORC resource, and Bauloora – an untested epithermal vein system.
Aim is to raise $8 million, drill through 2012-14, providing market with continuous drill results. See the prospectus.
Peel Fault
Gold discovery in 2010. Gold in altered quartz monzodiorite dykes adjacent to carbonate-rich sediments. Drilled three holes: 14m @1g/t, 8m @ 1.7g/t, 2m @ 3.69g/t Au.
Weabonga
Unexplored, drill targets ready. Rock chips to 50g/t of visible gold. Highland Mary mine at Weabonga closed in WW1, average grade 44.8g/t (historical records).
Bauloora
Untested low sulphidation epithermal vein. Rock chip assays up to 36g/t with visible gold in rock chips. No previous prospecting with a two kilometre strike length.
Mount Adrah
A 239,000 oz JORC resource at 1.13g/t to 120m.