Fiery Creek is located on EL6925, approximately 5km along strike from the historic
Highlights
Two major structural features were identified as likely controlling the Au mineralisation, with the Fiery Creek structural setting appearing to be analogous to the Ballarat East deposit in the Victorian Goldfields.
Principal Component Analysis (PCA) was conducted on historic soil survey data comprising of arsenic, copper, lead and zinc assays. The highest arsenic and copper grades occur closest to the historic workings and may assist with drill target identification.
Historic field work by
Five initial high priority drill targets were identified from this preliminary review. All are proximal to historic workings (and coincide with high arsenic values) but are either undrilled or have only seen shallow (20m) drilling to date.
IBG Managing Director
Alongside continuing to assess a variety of funding routes, including options to bring in partners at a project level, Ironbark intends to kick start the exploration process immediately by applying for approvals to conduct non disturbing activities across the tenement (this is likely to include structural mapping and an aerial geophysical survey) and concurrently for disturbing activities potentially including soil sampling, rock chip analysis and drilling both inside and outside the
The indicative timeline for the non-disturbing work program completion is early Quarter 1 2021. Upon completion, Ironbark expects to have one or more walk-up drill targets identified outside the
Following the continuing tight focus on overhead expenditure throughout the current year, Ironbark is comfortable advancing the Fiery Creek exploration program outlined above from within its current cash reserves.
Structural Controls at Fiery Creek
The tectonic grain at Fiery Creek generally trends North-South, consistent with the Lachlan Fold Beltmore generally. However there appear to be subtle NE-NNE trending discontinuities that crosscut the tectonic grain in the region of EL6925 and these are interpreted to be late-stage low displacement events that accommodated the strain during late-stage folding.
In the Victorian goldfieldsstructurally controlled orogenic - style gold mineralisation is synchronous with these late-stage faults that cross-cut the fold hinges developed in the Ordovician turbidites, giving rise to the Ballarat East gold mineralisation analogue.
Contact:
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Email: admin@ironbark.gl
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