Saracen Gold Mines Pty Limited (a wholly owned subsidiary) holds a large tenement position in the region covering substantial strike lengths of two major structural zones, the Laverton Tectonic Zone and the Keith-Kilkenny Tectonic Zones, which host most of the gold deposits in the region. Over 20Moz of gold has been discovered in the last 15 years in the Laverton and Keith-Kilkenny Tectonic Zones. The substantially under-explored covered areas, potential for blind flat-lying mineralized structures, growing understanding of the geological controls on gold deposits, and the large tenement holding are factors that support the potential for further gold discoveries in the region.
Twenty of the known gold deposits in the Saracen tenements are currently being systematically re-evaluated. Five of these, shown in red on the figure below, are the basis for the re-commencement of mining and processing at Carosue. It is anticipitated that additional resources and reserves will be outlined at several of the other deposits. Exploration drilling is also planned to test several new geochemical anomalies outlined by Saracen in the past two years.
