Lignum Dam Project (Gold), Western Australia

The Lignum Dam Project is located 50 kilometres north-northeast of Kalgoorlie and covers a package of gold and nickel prospective Archaean mafic, ultramafic, and felsic rock-types directly along strike from the Lindsay’s Gold Mining Centre and the high-grade Silver Swan nickel deposit.

Work completed by Mithril Resources Limited (ASX:MTH) in 2016 under a Farm in Agreement (terminated) reviewed previous exploration which had identified multiple gold targets including coherent surface gold geochemical anomalies and highly anomalous gold in shallow historic drilling up to 2.26g/t over individual metres.

Of note is historic drill hole FFB008 that finished in 3m @ 1.40g/t gold from 17 metres with the last metre returning 1m @ 2.26g/t. The hole occurs at the end of a drill traverse and has not been followed up.

All targets lie within a prospective corridor (interpreted from aeromagnetic and gravity data) that extends in a north westerly direction from Lindsay’s through the project area.

Despite their location, the targets remain largely under-explored with previous exploration typically comprising wide-spaced shallow reconnaissance drilling, surface geochemical sampling and geophysics.