Located approximately 120km north of Glenburgh the project overlies an east west trending belt of Lower Proterozoic aged metasediments and metavolcanic rocks bounded to the north and south by granitic rocks of the Gascoyne Complex.
The central tenement of the Bassit Bore project contains anomalous gold and copper geochemistry in stream sediments and soils along a 15km east-west trend.
Since 2010 Gascoyne Resources has conducted a number of exploration activities aimed at advancing the prospects Beagle, Bassit and Harrier as well as conducting regional geochemical sampling. Regional stream sampling program highlighted a number of anomalous drainages with a peak value of 830 ppb gold recorded, and in an adjacent drainage a significant cluster of anomalous values was also found. Subsequent soil sampling cover the anomalous drainages identified a number of gold anomalous zones east of the Beagle prospect. RC drill testing of these zones was completed with a number of anomalous results were recorded including 12m @ 0.45% Cu and 255 ppb Au from 36m.
Bassit Bore Soil Anomalies
An RC drill program was carried out at the Harrier Prospect – an outcropping quartz reef with occasional strong malachite mineralization and rare very fine visible gold. . A number of significant results were recorded including 4m @ 2.1 g/t gold, 0.8% copper and 10.8 g/t silver.
Further soil sampling programs were also undertaken focussing on both the Harrier prospect and also on the Jim’s Patch prospect. Anomalous results of up to 1550 ppb gold (sample KP072) were recorded. Five rock chip samples were also collected at the Harrier Prospect. Best results were 940 ppb gold and 0.5% copper.