Gilmore Copper Gold Project
The Gilmore Copper Gold Project is 100% owned by LinQ Minerals Limited. It is a large-scale copper-gold project located in the well-endowed Macquarie Arc geological province in NSW, Australia. The globally recognised region is host to numerous Tier 1 gold and copper projects.
Project key facts:
- Gilmore project is an advanced large scale copper gold project at resource definition and pre-feasibility stage
- Current Resources 516Mt containing ~3.7Moz Au and ~1.2Mt Cu
- The Company’s initial aim is to develop the Gilmore South brownfields gold project ~1.7Moz Au & ~200Kt Cu (last in production in 1996 when the gold price was ~A$460/oz)
- Resources are shallow and amenable to open pit mining methods
- Strike length of ~40 kms containing 3 zones of identified porphyry and epithermal mineralised systems that remain open and scalable
- Potential to be similar in scale to Cadia and North Parkes porphyry districts
- Well located in mining district adjacent to highway, railway, water and grid infrastructure with skilled labour availability
- Identified substantial geological endowments and valuable targets for resource growth and new discoveries (+20 targets)
JORC Resource
Exploration Results
Gilmore Copper Gold Project
Gilmore South Brownfields Gold Project
- Last in production in 1996 when the gold price was ~A $460/oz
- Gidginbung historical oxide production ~0.54Moz Au → large sulphide resource remains
- Gilmore South MRE ~120Mt for ~1.7Moz Au and ~200Kt Cu
- Proposed open pit mining method with likely low strip ratios
- Resources are only calculated to 300m and remain open at depth and along strike
- Key infrastructure (including road, rail, water and grid) located within 5km of project
- Ore bodies hang together well at multiple cut-offs
- Likely conventional concentrator plant for processing both gold and copper ores
Gilmore Copper Gold Project
Geology
The Gilmore Copper Gold Project area is host to the full suite of the Macquarie Arc intrusive related copper and gold systems (that are analogues to the nearby Northparkes, Cadia and Cowal systems):
- 5+ identified Porphyry Systems (Cu-Mo-Au)
- Associated Epithermal Systems (Au-Ag).
The Gilmore Project is split into three distinct clusters:
Southern (Rosevale) Alteration Zone “RAZ”
- Downthrown block consisting of preserved shallow epithermal gold related systems juxtaposed and telescoped over deeper porphyry related copper-gold-molybdenum centres along a 6km strike transfer fault complex.
- Similar setting to world class Wafi-Golpu, Lepanto-Farsoutheast and Frieda River complexes.
Mandamah Alteration Zone (MAZ)
- Multiple, sheeted vein porphyry copper-gold-molybdenum complexeslocated along a 16km strike on east margin of the RainHill Monzodiorite stock.
- Similar setting to the Northparkesporphyry cluster.
Northern “Yiddah” Alteration Zone (YAZ)
- 14km strike corridor laterally zoned from porphyry copper-gold-molybdenum in the north through to intermediate sulphidation epithermal gold in the south.