Drone view towards the historical Golden Cup pits
Golden Cup, June 2020

Golden Cup

Angiang Trend, Amanda Bel Gold & Antimony FieldsFlotation feed ยท Production Ready

Key facts

Golden Cup key facts
LocationAngiang Trend, Amanda Bel Gold & Antimony Fields, North Queensland
StatusProduction Ready
Processing routeFlotation feed
CommodityGold
TenureMining Lease ML4536
JORC resource30,000 oz Au @ 3.6 g/t across three lodes, Inferred
Resource estimateAKB Mining Geology Services, December 2019 (0.75 g/t cut-off)
DrillingFurther resource development drilling due in early 2027

Overview

Golden Cup is a set of high-grade refractory lodes on the Angiang Trend of the Amanda Bel Gold & Antimony Fields. Its Inferred JORC resource of 30,000 oz of gold at 3.6 g/t lies across three lodes, beneath three previously mined oxide open pits.

All three lodes are open at depth and along strike, with very little drilling below 50m vertical. Recent drilling in hole GCRC093 returned 7.0m @ 4.6 g/t Au from 61m, including 2.0m @ 14.3 g/t Au.

Gold is hosted almost entirely in arsenopyrite, so the ore is planned as feed for the flotation circuit at Camel Creek. Engineering for an early pit cutback is complete, and further resource development drilling is due in early 2027.

Highlights

  • All three lodes open at depth and along strike, with very little drilling below 50m vertical
  • GCRC093: 7.0m @ 4.6 g/t Au from 61m, including 2.0m @ 14.3 g/t Au
  • Flotation to a 45 g/t Au concentrate at 90% gold recovery (2014 R.W. Nice testwork, corroborated by 2010 HRL testwork)
  • Engineering for an early pit cutback is complete

Photos, maps and sections

Select an image to enlarge it.

The historical Golden Cup pits from the air, June 2020
Golden Cup lode positions on Mining Lease ML4536
Long section: Pits 2 and 3, Lodes 2 and 3
Long section with recent drill intercepts below the historical pits
Long section: Pit 1 and Lode 1
Drill cross-sections, Golden Cup North