Project Highlights
EL 6925 is located 5km along strike from the historic
Significant historic drill intercepts include: FCR039: 3.0m @ 6.7g/t Au from 6.0m, including 1.0m @ 16.25g.t Au from 6.0m
FCR095: 4.0m @ 4.0g/t Au from 16.0m (hole ended in mineralisation) and FCR125: 1.0m @ 7.2g/t Au from 9.0m1
Extensive rock chip sampling completed: best surface samples 253g/t Au (FR032) and 15.25% Cu (FC01).
Last drilled in 1989 by
2020 review by Peter Leaman Geological Services has confirmed that mineralisation remains underexplored at depth and exploration along the strike of the workings is incomplete
High quality existing data set, includingmagnetics, soil geochemistry, drilling and geological maps, will allow for rapid identification of drill targets.
IBG Managing Director
The very strong rally in the Australian dollar gold price over the last six months has prompted an overdue reassessment of the gold exploration potential at Fiery Creek. The Project hosts high grade gold mineralisation over a strike length of seven kilometres. The tenement is littered with old workings in addition to possessing an existing extensive dataset. It is anticipated that a modest investment in further investigative work will form the basis for an exploration drilling program. As previously noted, the Company continues to assess other domestic exploration opportunities that would complement this Fiery Creek work program.'
Background
Geology & Mineralisation
The NNW-SSE structure is considered to be a shear system hosting mineralisation which is very similar to that at the Cowarra mine. Geological field mapping and logging of limited diamond drill holes has determined that the controls on gold mineralisation at Fiery Creek are similar to those at Cowarra, with an anastomising shear zone the main controlling structure.
Ironbark Exploration
Since grant of the exploration licence, Ironbark has taken 61 rock chip samples which have returned extremely high gold grades including 253 g/t Au (FR032), 49.9 g/t Au (FR006) and 53.4 g/t Au (FR049); high copper grades including 15.25% Cu (FC01) and 14.85 % (FR053). Sample FR053 also returned 9.25 g/t gold and 137.0 g/t silver. Full details of the rock chip sampling are contained in the appendices (these results were previously released on the ASX platform on 1 May 2013).
Contact:
Mr.
Tel: +61 424 615 047
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