The Capital Project
The Capital Project is in the Lachlan Fold Belt, near Goulburn, in NSW and comprises three Exploration Licences (ELA5955, ELA5956 and ELA5987) totalling 358km2. The Project was acquired in June 2020 and the ELAs have been granted.
It covers a possible extension of the stratigraphy and structure that hosts Sky Metals’ (ASX: SKY) significant Hume gold discovery at its Cullarin Gold Project in the region (see Figure below. The Capital Project area also displays similar host stratigraphy and structures to Regis Resources’ (ASX: RRL) major McPhillamys Gold Project in the Lachlan Fold Belt, in Central Western NSW.
The Capital Project has not been explored for gold since the early 1900s. The mineralisation styles in the belt exhibit thickness and grade – and is supported by exploration success in the sediments of the Lachlan Fold Belt. This type of gold mineralisation style fits the Aruma sediment-hosted gold model.