Galaxy Prospect
Overview
The Galaxy Prospect is located approximately 5km southeast of Jims (50% TAM/50% NST) open pit mine on EL31290 at the southern extension of the Central Tanami Trend. This trendproduced 2.2 Moz of gold between 1997 and 2002 from a number of deposits, all hosted within the Mount Charles Formation.
The Galaxy Prospect is located within a 17km NW-SE strikingbelt of the highly prospective Mt Charles/Dead Bullock Formations.
Magnetic and coincident gravity anomalous stratigraphyre present the Mt Charles Formation and potential Dead Bullock Formations, which also hosts Newmont’s Callie Mine.
Historic drilling at Galaxy by Otter Exploration NL (1995/96)intersected significant gold mineralisation, which highlights the potential of the prospect to host economic mineralisation.
¹Company Report CR1998-0274; ²ASX 31 October, 2018
Galaxy Exploration History
Historic drilling at Galaxy by Otter Exploration NL (1995/96) intersected significant gold mineralisation, which highlights the potential of the prospect to host economic mineralisation.
Initial drilling by Otter delivered results including:
- GRC002 9m @ 1.25g/t from 60m, GRC002 39m @ 0.53g/t Au from 48m, GRC003 11m @ 0.99g/t Au from 52m, and GRC003 5m @ 1.85g/t Au from 56m¹
Otter completed 9RC holes in 1997 for 900m. Results included:
- GRC025 16m @ 1.06g/t Au from 79m, GRC026 9m @ 0.71g/t Au from 56m¹
Highest grade intersections from historic drilling include:
- 2m @ 26.8g/t Au from 20m (GRC018)¹, drilled 1996 by Otter
- 2m @ 19.2g/t Au from 26m (JRB742)¹, drilled in 1994 by Normandy
Prodigy completed a 95-hole for 6,550m RAB/RC drilling program in 2018². Results include:
- 12m @ 0.5g/t Au from 27m incl. 3m @ 1.3g/t Au from 33m (BL0558)
- 12m @ 0.2g/t Au from 42m incl. 3m @ 0.4g/t Au from 42m (BL0569)
- 3m @ 0.4g/t Au from 99m (BL0597)
- 3m @ 0.4g/t Au from 42m (BL0569)
- 9m @ 1.11g/t Au from 57m (GRC0029)
- 3m @ 1.03g/t from 86m (GRC0030)
Galaxy Geology
The Galaxy Target is a 17km NW-SE striking belt of the highly prospective Mt Charles Formation, and the intersection of two mineralised structural trends – Jims and Galifrey.
Magnetic and coincident gravity anomalous stratigraphy represents the Mt Charles Formation and potentially the Dead Bullock Formation, which hosts Newmont’s Callie Mine.
Surface gold anomalism ‘stops’ as it crosses into transported sand, gravels, and alluvium render soil sampling and shallow historic drilling ineffective.
The prospective Mt Charles Formation in the Galaxy area is overlain by the Birrindudu Group and a complex regolith profile consisting of variably transported residual materials and Aeolian sand.
The cover sequence is estimated from regolith interpretation and modelled to be 8-15m thick in the northern half of the block increasing to 50m+ to the south.
