Blicks Project – NSW, EL 6465 (Anchor 100%)

The Tyringham prospect located at the Blicks Project is interpreted to represent a large reduced intrusion-related gold system – a class of deposit that was not recognised at the time of the initial gold discovery at Tyringham in about 2000.  Deposits of this type include multi-million ounce gold mines such as Fort Knox, Pogo and Donlin Creek (Alaska) and Kidston (Australia).

Past exploration at Tyringham has defined two spatially separate gold-in-soil geochemical anomalies (Tyringham East and West), which have been partially tested by 11 shallow inclined reverse circulation (RC) holes, to a maximum depth of around 125m below surface – with encouraging results in 9 of these 11 holes.  Tyringham West contains a geochemical “hot spot” which has only been partially tested by 4 shallow RC holes with encouraging results – including TRC-02 (75m at 0.2 g/t gold from 45m to the bottom of the hole) and TRC-03 (63m at 0.24 g/t gold from 51m to the bottom of the hole).  Importantly the gold mineralisation remains open at depth.

Following the review of previous information relating to the Tyringham gold prospect Anchor has planned to drill 2 deep diamond oriented core holes to a depth of around 500m to test the down-dip continuation of the gold system, including the potential for discovery of higher grade gold mineralisation.