Eridanus (Mt Magnet)

Eridanus pit looking NW

Eridanus is a new discovery (2017-18) and comprises of a large, low-grade felsic hosted stockwork style deposit. Gold mineralisation is associated with an east-west trending sericite-silica+pyrite altered granodiorite bound to the north and south by feldspar-phyric porphyry units.

The deposit is located, between the existing Lone Pine and Theakston (backfilled) pits, 1.6km south of Shannon.

Significant drilling and project development work was conducted during 2018. A large, low strip ratio, open pit contains a Probable Ore Reserve of 2.15 Mt @ 1.2 g/t for 85,000 oz.

Eridanus model and pit design looking West


Lone Pine Pit and Eridanus Deeps diamond drill hole locality plan


Cross section through the Eridanus deposit, detailing the deeper mineralisation potential below the proposed pit.