PHOENIX GOLD's tenure covers 600 sq km
within 50 kilometres of Kalgoorlie on three world-class gold
structures: Zuleika Shear, Kunanalling Shear and
Ora Banda- Grants Patch goldfield, with each
project area having multi-million ounce potential.
Since acquiring the assets in 2010, the Company
has grown its Mineral Resources 276% from 595,000oz gold (combined
Measured, Indicated and Inferred) to 2.24 million ounces in August
2012.
All projects are proximal to infrastructure
including six established processing facilities and are
located along strike from several major gold camps,
including:
• +4 million ounce Kundana Gold
Camp
• +1 million ounce Frog's Leg
Deposit
• 1 million ounce Ghost
Crab Deposit
• +1 million ounce Enterprise
Deposit and
• 4 million ounce Mt
Pleasant field.
Click for more information
on the Regional Geology
Castle Hill Project,
Phoenix's flagship, is the latest, large-scale gold discovery
in Western Australia's goldfileds and it is the Company's aim to
deliver a 3 to 5 year mine plan in the December Quarter
2012.
Mineral resources currently stand at over 1
million ounces of gold, representing
a 4-fold increase in the past 2 years and with excellent up-side
potential remaining. The Company will now aim for the second
million ounces by continuing the current strategy of drilling
for extensions along strike as well as at depth below the current
limits of drilling (average 70m).
Click here for more information on the
Castle Hill Project
The company also has substatial Mineral Resources in several
other, high-potential project areas:
• Broads Dam Project
→ 377,000 ounce Mineral Resource, covers 14km
strike of the prolific Zuleika Shear which is renowned for deep,
high grade open pit and underground mines.
Click here for more information on the
Broads Dam Project
• Kunanalling
Project → 245,000 Mineral
Resource, covering +20km strike of the Kunanalling Shear, the
project hosts the advanced Catherwood mine which is
nearing a developement decision.
Click here for more information on the
Kunanalling Project
• Carbine-Zuleika Project
→ 141,000 ounce Mineral Resource, also located on
the Zuleika Shear and prominent second-order
splay, Carbine Shear.
Click here for more information on
the Carbine_Zuleika Project
• Ora Banda-Grant's
Patch → 397,000 ounce Mineral Resource, located along
strike from the world-class +4M oz Mt Pleasant goldfield, the area
has excellent potential for large oxide deposits.
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information on the Ora Banda - Grants Patch Project
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Notes Accompany Mineral Resource
Table:
1.Stockpiles report material mined from historical mining
operations at Lady Jane, Broads Dam, Premier, Catherwood, Bluebell,
Mick Adam and Shamrock.
2. The information in this report that relates to
Exploration results and Mineral Resources is based on information
compiled by Mr Ian Copeland. Mr Copeland, who is a member of the
Australasian Institute of Mining and Metallurgy and a member of the
Australian Institute of Geoscientists, is a full time employee of
Phoenix Gold. Mr Copeland has sufficient experience which is
relevant to the style of mineralisation and types of deposits under
consideration and to the activity which he is undertaking to
qualify as a competent person as defined in the 2004 Edition of the
"Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves". Mr Copeland has given his consent to
the inclusion in the report of matters based on the information in
the form and context in which it appears.
3. Information that relates to exploration and production
targets refers to targets that are conceptual in nature, where
there has been insufficient exploration to define a Mineral
Resource and it is uncertain if further exploration will result in
the determination of a Mineral Resource.
4.The information on exploration targets is based on a
conceptual range of targets as follows: Tonnage range: 2 million to
15 million tonnes, grade range: 1.5 g/t Au to 5 g/t Au
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