Survey Identifies Shallow Area Of Interest
Renascor Resources Limited (ASX: RNU) has confirmed a large, shallow chargeability anomaly at the Soyuz gold prospect in South Australia’s Central Gawler Craton.
The anomaly has been identified from a recently completed IP survey that confirms an anomalous chargeability zone within a coincident geochemical and magnetic anomalous zone approximately 500 metres along-strike of the previous high-grade drilling at Soyuz.
Renascor considers the IP zone to contain high priority drill targets for primary gold mineralisation and intends to include the IP anomaly in drilling planned at Soyuz for later this quarter.
Renascor’s Soyuz Prospect is part of its 100%-owned Carnding Gold Project in South Australia’s Central Gawler Craton, an area that hosts a significant number of gold deposits and occurrences within an aruate region around the southern and western edge of the Gawler Range Volcanic Province outcrop. Gold mines and deposits in the region include the Challenger and Tarcoola gold mines and the Tunkillia gold deposit.
The region is currently experiencing increased gold exploration and development activity, including the proposed redevelopment of the Tarcoola gold mine, located approximately 20km east of Renascor’s project area, and the Tunkillia gold deposit by Barton Gold Pty Ltd.
Additional recent gold activity in the area has included Maromota Energy’s exploration of the Aurora Tank project and its purchase of the Jumbuck project from Tyranna Resource and the acquisition of the Boomerang, Earea Dam and other gold prospects by Indiana Resources.
In August of last year, Renascor announced newly identified gold prospects at Carnding, including the Soyuz Gold Prospect. Soyuz is defined by coincident magnetic and gravity anomalies and multi-element soil leach sampling that has identified multiple geochemical anomalies. Initial shallow drilling at Soyuz returned anomalous to highly anomalous gold intercepts, including:
- 7m @ 5.14g/t Au from 26m to end of hole, including 2m @ 16.42 g/t Au from 30m; and
- 6m @ 4.94g/t Au from 14m.
Renascor considers Soyuz to offer multiple drill-ready targets for near-surface, high-grade, Proterozoic granite-associated gold deposits.
The company has received all approvals necessary to commence drilling at Soyuz, with a drill rig scheduled to be mobilised to site later this quarter.