Oberon Project Map
The Oberon Project comprises an exploration licence of 83 units (approximately 260km²) centred on the NSW central western town of Oberon. The area was selected for its potential for intrusion-related gold deposits. The main target is the advanced Black Bullock prospect, where gold in volcanic-associated chert horizons has been tested by previous drilling and IP survey. The attachment shows the three main zones of mineralisation with the solids being the zones of anomalous IP. Most previous drilling was carried out prior to the IP. The IP has successfully delineated zones of disseminated sulphides, within which are significant zones of mineralization in the West and NW zones. The attached perspective shows the IP solids with drilling and significant plus 1 g/t intersections in red and purple. The attached table shows the grades intersected.
Both the West and Trig zones are open along strike. The NW zone appears to be steeply plunging and is probably cut off to the south by a fault which disrupts the IP zone. The possible continuation of this zone has not been drilled. In addition the central zone of IP anomalism has been intersected by only two holes, one of which intersected greater than 1 g/t gold (3m @ 2.26 g/t). The southeast zone of IP anomalism, which is highly conductive, has not yet been drilled. Commissioners Gold Ltd plans to extend the IP survey and carry out drilling to delineate a resource.
The tenement area also includes the Duckmaloi prospect, which has been partly explored by other companies in the past. Duckmaloi is primarily a tungsten-bismuth prospect but also contains significantly anomalous values of gold, silver and copper. Drilling by previous explorers at Duckmaloi produced some interesting results, including 8.6m @ 0.49% WO3 and 10m @0.28% WO3 and 0.3% Bi. Given the current high price of tungsten, these results are regarded as quite significant and Commissioners Gold Ltd will re-evaluate Duckmaloi as a possible small tungsten mine that could generate early cash flow for the Company.
In addition, “grass roots” exploration at Oberon will focus on previously unrecognised intrusion-related gold potential.
Find out more about other Commissioners Gold Ltd gold exploration projects
