Eagles Nest Project
The Eagles Nest Project is located approximately seven kilometres to the south and along strike from the Wattle Dam Gold Mine. The lease was the site of the discovery in 1931 of “The Golden Eagle Nugget” which weighed in at 78 pounds or 1,131 troy ounces, the largest recorded nugget found in WA. Since this time the tenement area has been held continuously by individual miners and prospectors and consequently has had little if any systematic exploration. The Company believes the “Golden Eagle” and numerous other nuggets located at this location to be a significant indicator of the rich and nuggety trend that it now has proved at Wattle Dam.
A detailed auger geochemical sampling programme for gold was completed over the Eagles Nest Project (M15/1475) in the June quarter 2007. Results from the auger sampling delineated a zone of co-incident gold and arsenic anomalism over a strike length of approximately 500 metres. The gold anomalism is defined by values greater than 100ppb with central values in excess of 250ppb. It lies within ultramafic lithologies bounded by felsic lithologies to the east and west.
An RC drilling programme comprising 18 RC drill holes for 1,800 metres will be completed in late 2007 to follow-up the auger anomaly.
Eagles Nest
