Stakewell Project
BIF-Hosted Gold & Oxide Gold Mineralisation
The Stakewell project comprises five contiguous granted mining leases, which are located 55km southwest of Meekatharra and cover an area of approximately 20km2. Gold mineralisation is associated with biotite alteration, and pyrite-pyrrhotite mineralisation. It occurs at the contact between banded iron formation (BIF) and metabasalts and is controlled by NW-SE oriented shear zones intersecting both high- and low-angle faults.
Location of the Stakewell project area is shaded pink:
Geological map of Stakewell:
Silver Swan is targeting multiple high-grade gold lodes in the
immediate Kohinoor area and oxide gold east of Kohinoor. A total of
1715m have been drilled comprising 5 diamond and 11 reverse
circulation drillholes. Drilling success continues in the project
area. Additional targets are being identified in the eastern part
of the Stakewell tenements.
Gold mineralisation at Kohinoor is structurally controlled,
associated with a series of steep WSW-plunging ore shoots within
banded-iron formation and enclosed by amphibolite (metabasalts).
Gold mineralisation is across the contact between banded-iron
formation and amphibolite in a wide zone of shearing, with biotite
alteration, pyrite and pyrrhotite sulphides. The company is
drilling strike and depth extensions of high-grade mineralisation
and testing conceptual targets north of the Kohinoor pit where the
conjunction of favourable rock types and structure is
repeated.
The near-surface oxide gold targets are associated with
northwest-southeast-trending quartz veins in amphibolite. Four
potential oxide gold targets have been identified; the first oxide
target has been drilled successfully and drilling continues.
Silver Swan's drilling in the project area to date is summarised in the following Table of Stakewell Results:
