Javelin Minerals owns two highly prospective gold projects in the heart of WA’s Eastern Goldfields. These projects sit ~50km either side of Kalgoorlie, both host significant JORC Resources and each has compelling exploration upside offering strong potential to grow their respective inventories. Importantly, the projects are close to existing infrastructure, including mills with production capacity, and have access to a skilled workforce.
The Eureka Gold Mine has a JORC Resource 112,000oz, with mineralisation open along strike and at depth. Historical drill intercepts to be followed up include 4m @ 134.52g/t, 3m @ 48.75 g/t and 4m at 32.08g/t. All resources are hosted on granted historic mining leases. Major gold deposits such as Paddington (>4Moz) are hosted within the same greenstone lithological sequence only 20km south-east of Eureka.
The Coogee Gold Project is located ~55km south-east of Kalgoorlie on the north-eastern shore of Lake Lefroy. The Coogee Resource stands at 3.65Mt at 1.08 g/t for 126,685oz of gold and 1.01Mt at 0.41% copper containing 4,133t of copper metal. Javelin’s initial exploration programs at Coogee aim to confirm potential extensions to the mineralisation below the current mined pit and expand the gold-copper mineralisation north and north-west from the Coogee Deposit. Javelin also intends to test the strong magnetic “Bulls-Eye” target on Coogee West.