Page 348 - NEWGEN21-Proceedings-Full

Wharekirauponga (WKP) Gold Project 9

A low-sulphidation epithermal Au-Ag discovery in New Zealand

1980-82 Amoco Minerals

• Target concept: open pittable resource on outcropping sheeted veins system

• 2,692m drilled in 15 holes, 80% steeper than 75 o

• Broad low grade gold drill intersections with numerous narrow discontinuous high-grade gold
mineralised veins e.g. WKP4

• 150m @ 0.9g/t Au incl. 17.7m @ 4.0g/t Au & 2.3m @ 19.6g/t Au

• Concluded no open pittable resource – refocussed to high grade u/g potential but distracted
by discovery at Golden Cross

1985-88 JV BHP

• Target concept: high grade veins on margin of andesite dyke within rhyolite flow dome
complex

• Ground mag, rock & soil sampling to map out andesite dyke

• 986m drilled in 3 holes returning best intersections of 43m @ 1.1g/t Au and 1m @ 48g/t Au

• Concluded no significant gold mineralised zones

1989-93 JV ACM

• Target concept: exploring for higher grade shoots on lateral extents of the outcropping gorge
mineralisation

• Mapping, rock, soil, BLEG sediment, low level aeromag, CSAMT, gradient array

• 1,837m in 5 holes returning similar results to 104m @ 1.3g/t Au

• Withdrew from JV following takeover by Normandy