Nagambie Resources Limited Discovers Second Antimony-Gold Vein System
g/t AuEq (6.3% antimony, 4.3 g/t gold) and have an average potential stope width of 1.8m EHT. The average of 16.3 g/t AuEq is 5.4 times the estimated mineable cut-off grade (MCOG) of 3.0 g/t AuEq. This indicates potentially very-low operating cost, very-high operating margin mineralisation. The epizonal N-striking C1 and C2 vein systems are associated with the EW-striking Nagambie Mine Central Anticline and the various EW-striking thrust faults which dip to the north (due to the N to S compression event at the time of first mineralisation, circa 375 million years ago) and are known to continue regionally to kilometres in depth. The strike length of the C1 vein system is currently around 80m. The vertical extent of the C1 vein system is
currently around 200m but could increase substantially, to 1,000m or more, with extensive further drilling initially from surface and later from underground. The Fosterville epizonal mineralisation extends to more than 1,000m vertical depth and the Costerfield epizonal mineralisation is approaching 1,000m vertical depth.