Previous exploration undertaken by the Company on the project has included an aeromagnetic survey, a detailed auger geochemical program and a first pass aircore drilling program. This work has defined several areas of bedrock gold mineralisation associated with zones quartz veining (+/- Fe-staining, +/- sericite alteration, +/- haematite alteration) within the previously untested Doyle Dam Granodiorite.
A follow up phase two aircore drilling program comprising infill and extensional aircore drilling is planned with the aim of defining the lateral extent of the gold mineralisation intersected to date.
The proposed aircore drilling in the southern area adjacent to CYAC112 and CYAC113 will also test a series of magnetic anomalies and structural breaks that are evident in the aeromagnetic dataset. These magnetic anomalies and structural breaks may represent alteration and structures associated with primary gold mineralisation.
A summary plan of the anomalous gold intersections from the phase one aircore drilling program, together with the area of the proposed phase two aircore drilling is presented in Figure 2.
Figure 1. Location of Crest Yard Project
Figure 2. Aircore holes over aeromagnetic image