Hargraves NSW

The Hargraves Project is located approximately 35 kilometres north of Hill End in central New South Wales, and was the site of Australia’s first reef gold mining operation. The Company wholly owns Exploration Licence 6996 which covers multiple parallel old-mineralised structures with historical gold production. 

 

 Hill End and Hargraves tenements New South Wales

Most work to date has focused on the Big Nugget Hill structure where HEG has so far defined a resource of 221,000 contained ounces of gold at the Big Nugget Hill Deposit.  The 2011 JORC resource estimate, which relates to only an 800 metre portion of the overall deposit, is as follows:

Indicated Resource       1,262,000 tonnes at 3.5g/t gold for 143,300 contained ounces
Inferred Resource          944,000 tonnes at 2.6g/t gold for 78,000 contained ounces

  

 

 Big Nugget Hill Long Section showing resource blocks and extension targets

 

 

Big Nugget Hill North and Gundowda targets

Strong potential exists for definition of several multiples of the Big Nugget Hill resource through additional drilling along strike and at depth. The 2011 Big Nugget Hill resources are for only a 800m strike length of the mineralised structure to approximately 200m below surface and drilling is planned to extend the resources to the north, and to test the adjacent Gundowda zone.

The Gundowda zone is a mineralised structure parallel to the Big Nugget Hill deposit, and 100 metres to the west. It is over 1000 metres long and 80 - 100 metres wide and hosts many old workings, including the Eureka Mine which was reported as the richest mine on the Hargraves field.

The 2011 Big Nugget Hill resources are in a 800m strike length of the mineralised structure.  There are extensions to the north and south of another few hundred metres which have been sparsely drilled and which are expected to contain significant additional resources.

 

 

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