Projects > Penny West Gold Project

Penny West Gold Project

  • Located 25km south of Youanmi Mining Centre
  • Blind discovery from +30ppb anomalous soil sample in 1990
  • Mined by Eastmet / Metana (GMA) in 1991-1992
  • Produced 91.4Kozs @ 18.1 g/t gold including low grade stockpiles
  • One of the highest grade OP mines in WA in the modern era
  • Current resource of 36,000 ozs at 5 g/t gold
  • Quartz-sulphide vein 1-2m in width in Penny West Shear Zone
  • Numerous high grade intersections below the pit
  • Acquisition of current resource for A$27 per oz

Opportunities for resource growth

  1. New geochemistry – extensive, 1000 hole auger sampling program recently completed. Assays awaited – 1-2 weeks
  2. 4.2km of strike on each of the Penny West and Youanmi Shear Zones
  3. Fault off-set position of the Penny West lode to the NW
  4. Extension of shallow mineralisation to the north of the McVerde Shoot
  5. Down plunge continuation of high-grade mineralisation
  6. Expansion of the Columbia-Magenta deposit system along strike to the north – south plunging shoots from surface, similar to Penny West
  7. Potential for gold mineralisation in the under-explored Youanmi Shear Zone (YSZ) on the eastern boundary

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