Mount Adrah Gold Limited

Previous exploration indicated the potential for a significant gold resource presence at the Mount Adrah properties and in particular, the Hobbs Intrusion-Related gold system (IRGS) deposit which should enable Force Commodities to rapidly deliver resource growth and leverage off its experience exploring for IRGS in New South Wales.

Key Highlights

  • Major Intrusion-Related Gold System identified
  • Located in gold endowed region of southern NSW
  • Hobbs Pipe 1 Mineral Resource estimate of 770,000oz of gold (440,000oz Indicated; 330,000oz Inferred), within a total Mineral Resource estimate of 20.5Mt at 1.1 g/t gold, at various cut- off grades*
  • Further potential intrusive-hosted gold targets additional to Hobbs Pipe 1
  • Extensive drill program already undertaken with high quality results
  • Potential large-scale open cut and high-grade lode and bulk underground mining propositions
  • Well located in close proximity to all key development infrastructure and manpower requirements

Mt Adrah project holds quality tenements around areas of known historic gold occurrences.

Mt Adrah’s neighbours include World Class Gold mines

The Mt Adrah prospects are approximately 17km north-west of the township and old gold mining centre of Adelong, in central western NSW. Situated on the Gilmore Suture, Mt Adrah is in a well positioned and favourable regional setting for world class gold mineralisation. The Gilmore and associated Sutures have a proven history of gold world class mines owned by major gold producers, including:

  • China Moly’s Endeavour Mines (Northparkes 8Moz gold equiv.)
  • Newcrest’s Cadia-Ridgeway (60Moz gold equiv.)
  • Barrack’s Cowal gold mine (2.8Moz gold equiv.)
  • Gldginbung (>4Moz gold)
  • Unicorn Porphyry Mo (Dart Mining)
  • Mineral Hill

Hobbs Pipe 1: Measured, Indicated and Inferred JORC Resource

Resources 770,000 oz of gold (440,000 oz Indicated; 330,000 oz Inferred), within a total Mineral Resource estimate of 20.5 Mt at 1.1 g/t gold, at various cut-off grades
Drilling program underway JORC Resource upgrade growth

Hobbs Pipe, Vertical Gold Mineralisation ~1km

  • Drill Hole GHD001: Results provide a clear picture of the grade of mineralisation to 886m @ 1.2g/t Au from surface
  • Style and grade of mineralisation observed was highly homogenous
  • Pipe subcircular and 160m in diameter at surface; 500m below surface approximately 180mx160m

Development Plan – Low Capex Open cut

Exploration Upside

Discover Further Pipe Intrusives & High Grade Reefs

Multiple Potential High Grade Reef Systems

High Grade Gold-bearing Structures

Best high-grade intersection of 10m @ 17.7 g/t Au From 506m downhole (GHD009), beneath high grade workings

The presence of high grade gold-bearing strucures proximal to the Hobbs intrusion-hosted gold mineralisation adds a significant dimension to the potential scale and economics of the project.

White Deer Reef, Visible Gold

  • Further high grade gold was discovered in the White Deer Reef, a parallel structure ~50m to the NE of the Castor Reef
  • 1.2m @ 61g/t Au

Additional Quality Targets

  • Along Gold Endowed Gilmore Suture (airborne magnetics)
  • Diggers Creek – shows high gold geochemical peak anomaly
  • Mount Adrah Hobbs Pipe – newly identified extensive gold-mineralised system
  • Bangadang – multiple historical gold mines. Airborne geophysical survey has identified multiple magnetic and radiometric anomalies

Potential to Discover New Gold-bearing Pipes – Nacki Nacki Eluvial Field

  • Digital plotting of eluvial gold workings and associated quartz gravels shows a concentric zonation of gold occurrence.
  • Interpreted as a weathering lag over an alteration haloat the crown of another Hobbs-style pipe
  • Quartz rocks contain sulphide and gold assays up o 77 g/t Au and indicated source is in underlying geology
  • Pervasive sericite and absence of any hornfels

Bangadang High Grade Reefs

Sampling Historic Gold Workings 2015

29.8 g/t Gold: Old working developed on narrow quartz-sulphide veins in the metasediments enclosing Hobbs Pipe. The significance of the existence of narrow, high grade gold zones in the overburden of the potential open cut portion of Hobbs Pipe will be investigated.

51.3 g/t Gold & 20.8 g/t Silver: Historic Mine Breccia Lode 3, Bangadang area

36.8 g/t Gold: Historic Mine Comedy King 2, Bangadang area

24.9 g/t Gold: Historic Mines Nacki Nacki Eluvial, Bangadang area.

What Next…