The Project covers ~3,100 square kilometres of exploration licences with around 2,100 square kilometres of this project are 100% owned by Prodigy Gold. The remaining areas are either in a 60:40 JV with Select Minerals (EL23655) or a 10:90 Split with Aus Metals. The North Arunta project consists of a 200 kilometre long gravity trend with associated metamorphosed sedimentary rocks, dolerite intrusions and large granite intrusions. The region has several known mineral occurrences including gold, copper, nickel, zinc, tin and tantalum.
Drilling completed at the Sabre prospect at the Reynold Range project in 2021 with 11 RC holes completed for 1,529 metres. Peak results returned include 7m @ 1.5g/t Au and 15m @ 0.4g/t Au1.
In early 2022 it was announced that Australian Metals Limited (ASX: A8G) acquired a 90% interest in the Barrow Creek titles (Barrow Creek Interest) of the North Arunta Project2. Prodigy Gold maintains a 10% stake in these titles with Australian Metals Limited
A detailed review of the mineralisation and historic exploration is planned in the coming period to assess all targets and plan for future work.
Geology and Mineralisation
The Kroda gold prospect, which is the most advanced prospect in the Project area, is located on EL29896 18 kilometres west of the Stuart Highway, 30 kilometres north of the town of Barrow Creek and 200 kilometres south of Tennant Creek. Kroda consists of 4 individual prospects (Kroda 1 to 4) with a combined anomalous strike length of 14 kilometres. Kroda is well serviced with infrastructure and is located on pastoral land close to the Stuart Highway, the Ghan Rail Line and the Northern Territory Gas Pipeline.
At Kroda 3, high-grade gold is hosted by breccia pipes that are near surface, steeply plunging and are confirmed by drilling to extend beyond 200 metres depth. Significant drill intercepts from Kroda 3 include 57m @ 3.8gt gold and 29m @ 6.4g/t gold.