Ravenswood area prospectivity continues to attract explorers

Boadicea Resources continues to spread its wings in geologically rich hotspots with other juniors following in similar footsteps, showing the same confidence held by Boadicea and others already operating in these areas.

In a recent article in the Industry Queensland publication, Sunshine Gold has entered an agreement to acquire the Ravenswood West gold-copper-rare earths project in North Queensland which is located 5km from Boadicea’s application for the South West Ravenswood licence.

At the time, Boadicea announced its application for the South West Ravenswood licence, Managing Director Jon Reynolds said: “As previously highlighted, Boadicea has been focused on the development of new gold exploration targets within Australia. This started with the acquisition of the Koongulla project in the Paterson Province of WA.

“The Ravenswood South West project has been highlighted as an underexplored project with some impressive operating mines as neighbours, including Ravenswood, Mt Leyshon and Pajingo. The previous work completed by BHP has provided Boadicea with an exciting base to focus further exploration.”

Similarly, Sunshine Gold Managing Director Damien Keys is also singing the area’s praises and reciting from the same hymn book, describing in the IQ publication, the area they have acquired, 5km from Boadicea’s licence, as an under-explored historical goldfield area with big system potential and close to infrastructure and mining hub workforces.

“Given the strength of rock chip, soil and stream sediment anomalism, we are excited about the potential for a significant discovery,” Damien Key said.

South West Ravenswood location map

The Ravenswood district has historically produced more than 20 million ounces of gold.

Sunshine Gold, which listed on the ASX late last year, represents a rebadging of Pelican Resources, which snapped up exploration company XXXX Gold in 2020.

Boadicea Resources South West Ravenswood licence EMP27752 in the Charters Towers Province of North Queensland covers a total area of 117km². It is located approximately 20km south-west of the Ravenswood gold mine, currently owned and operated by Ravenswood Gold, a private company owned by EMR Capital and SGX listed Golden Energy and Resources Limited.

BHP exploration at South West Ravenswood

Surface geochemistry and prospecting conducted by BHP in 1994 and 1995 on South West Ravenswood has defined a single anomaly over a previously untested target, known as Dreghorn. The Dreghorn prospect has been identified from stream samples and BLEG (Bulk Leach Extractable Gold) analysis and has an anomalous strike length of more than 4km.

Charters Towers province prospectivity

The region is highlighted by a number of multi-million-ounce deposits that have multiple geological settings, including:

• Intrusive Related Gold (IRG) similar to those of the Ravenswood field including:
  • sulphide quartz shear lodes,
  • narrow high-grade veins,
  • large quartz-sulphide vein stockworks.
• Early Devonian mesothermal gold-quartz mineralisation
• Porphyry style, breccia hosted gold-copper mineralisation
• Poly-metallic + gold mineralisation in either breccias or contact vein hosted systems

Boadicea’s strategy and proposed work program for the South West Ravenswood licence area covers the same geological units of the Ravenswood Granodiorite complex that are contiguous with and hosts the Ravenswood gold deposits, and proposed exploration is supported by the anomalous stream sediment samples mentioned.

This article was written by mining stocks investor and publicist Yolanda Torrisi. Yolanda has been involved in the mining sector for more than 25 years covering numerous ASX-listed stocks. Yolanda manages investor relations and communications for Boadicea Resources.