Boadicea identifies five target zones at Clarke Reward in prolific Drummond Basin

Boadicea Resources has identified five potential targets for epithermal or intrusion-related gold (IRG) style of gold mineralisation at its Clarke Reward in the prolific Drummond Basin.

A report by Proactive Investors states the project covers 96 square kilometres of highly anomalous magnetic features in a structural position at the margin of the Drummond Basin and the Anakie Metamorphic complex.

Boadicea Resources Ltd has identified five target zones from a high-level geophysical review of its Clarke Reward Project in the prolific Drummond Basin, North Queensland.

he company has conducted a review of the historical exploration work which indicates limited previous activity in the region.

Importantly, Boadicea has set in motion the plans for an airborne geophysical program which will begin as soon as contractor availability has been confirmed.

Potential for epithermal gold mineralisation

Boadicea managing director Jon Reynolds said: “The additional processing of the publicly available geophysical data has provided significant encouragement that the Clarke Reward project has potential for epithermal gold mineralisation similar to the nearby Mt Coolon mine and other significant deposits in the Drummond Basin.

“The board is well resourced to advance exploration work at Clarke Reward and grow the project’s mineralisation potential within the Boadicea portfolio of tenements.”

IRG style gold mineralisation

The Clarke Reward Project covers 96 square kilometres of highly anomalous magnetic features in a structural position at the margin of the Drummond Basin and the Anakie Metamorphic complex.

This intrusive complex has similar features to the Manaman Granodiorite intrusive complex that hosts the GBM Resources (ASX:GBZ) Ltd Mt Coolon (Koala) mine.

Promisingly, the geophysical review interpretation has identified five potential targets for epithermal or intrusion-related gold (IRG) style of gold mineralisation.

Established gold mining region

The Drummond Basin is an established gold mining region which has proven fertile for the discovery of epithermal and IRG systems and has an estimated total known endowment in excess of 7.5 million ounces of gold.

Notably, mineralisation in the Drummond Basin is typified by low sulphidation epithermal style precious metal deposits.

Epithermal mineralisation is typified by very fine-grained gold, sometimes occurring in electrum, quartz veins and or breccias.