PVW Resources have strategically secured gold assets with significant gold reserves in world class regions of Western Australia.
PVW is positioned to explore and define a resource across 3 well known gold provinces in Western Australia..
Successful Gold Province
Over 12 Million oz Au Mined
(AUD$26 Billion at today’s price)
Three operating Gold mills within 50km
1. Red 5 (ASX:RED)
Darlot 30 yrs mining 17.8 Mt @ 4.8g/t Au
King of the Hills – Resource 66 Mt @ 1.5g/t Au
2. St Barbara’s (ASX:SBM)
Leonora Ops – Resource 28.2 Mt @ 6.0g/t Au
3. Gold Fields (JSE:GFI)
Agnew – Resource 12.2 Mt @ 5.18g/t Au
The Leonora Region hosts high grade gold mines.
PVW Resources secured over 20km of strike
Includes 2 granted mining licenses
Same shear zone as historic Jungle Well mine with 12,000 Oz Au mined. Oxide pit open at depth and along strike, operated at 2.8 g/t Au
Rock chip samples taken on South Wall returning a 41.35g/t Au sample
Low Grade Stockpile sampled (+400 samples) and has a 1.3g/t Au avg. grade
Toll treatment opportunities to monetise small scale mining
144.8sqkm of tenure secured
Majors Need Resources
Recent Transaction sets a floor to the Leonora Regions value.
Saracen (ASX:SAR) has made an off market takeover offer to acquire Bligh Resources (ASX:BGH) – 100% scrip consideration
Values Bligh at $38.2m – A 97% Premium to their closing price on 13th June
Bligh has a JORC Resource of 660,000oz
First drill program completed in March 2019
3,400m of Air Core Drilling completed
Mineralisation over 4km to the north of the Jungle Well Pit
Positive results +2km south of Jungle Well with gold (nuggets) detected adjacent to surface gold and arsenic anomalies
Leonora footprint expanded:
Bablyon Resources mining lease has
been acquired from Talisman Minerals.
All Tenements are on the same structural corridor, expanding the potential for production from this site.
RC Drilling Jungle Well
Modelled Jungle Well Open Cut and
Mine closed when gold was US$260/oz
Positioned to expand the mineralized shear along strike and at depth
Cross Section View of Jungle Well
Jungle Well Cross Section showing lack of drilling at depth. Cross Section located in the centre of the Pit
Note the footwall shear, hanging wall vein and flat connecting veins
* Au Legend relates to drill holes assays not Vein Wireframes
Long Section – Normal to mineralisation
View of the Pit, foot wall shear and hanging wall veins perpendicular to the mineralisation (view is -60 towards 288)
Note the lack of drilling to the North, lack of drilling at depth and the continuation of mineralisation to the south along the foot wall shear
Excellent infrastructure being close to Kalgoorlie township
Well established roads
90 sqkm of tenement area
4 x exploration leases
6 x prospecting licenses
(ASX: YRL) – Recent results 8m @ 7.3g/t AU from 35m & 3m @ 18.3g/t from 34m
Located within the famous Greenstone Belt
191k ounces produced last year with a mill grade of 1.97g/t owned by Norton Gold Fields
262kt ounces produced last year and have a resource of 8.6M ounces owned by Northern Star
Near term Drill Targets include:
Testing for gold in the paleochannels in the Gordon Sirdar exploration tenements
Testing for the bedrock Au, beneath and along strike from Historical Workings
Future Drill Targets:
Reprocessing seismic and magnetic surveys to target and refine drill targets within drilling distance of the RC rig
Lakewood processing facility toll treats ore from all around Kalgoorlie, allowing for smaller Resources to be processed with minimal capital outlay
New concepts and ideas to be tested
Reprocessing of seismic and magnetic surveys to assist in the definition of targets and new concepts, finding drill targets within the greenstone belt.
Reprocessing and interpretation are well advanced. Incorporation with regional drill data and results form historical working will provide the targets to test.
Blue Sky Country
Callie Gold Deposit
An example of Potential within the Tanami
One of the most productive Gold mines in Australia
Produced 419k ounces in 2018
Reserves of 24.4Mt @ 5.7g/t
Australia modern majors are now focusing on “Greenfields” exploration within the Tanami
PVW’s tenure straddles some of the most prospective stratigraphy and structure
Previous exploration has focussed on the “easy” areas, modern exploration techniques will open up the rest
Tanami Exploration Potential
Currently reprocessing significant seismic surveys, to assist in regional interpretation of mineralisation.
Engagement with traditional landowners on our heritage agreement.
Our biggest potential for a Tier 1 multi million ounce gold discovery.
Known gold mineralisation already reported from historic drilling.
PVW Resources NL (ACN 624 170 074)
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This document is neither a prospectus nor an offer to subscribe for Shares. PVW Resources NL (ACN 624 170 074) (PVW Resources) and its directors, employees and consultants make no representations or warranty as to the accuracy, reliability or completeness of this document, and have no liability, including liability to any person by reason of negligence of, or contained in or derived from, or for any omissions from this document, except liability under statute that cannot be excluded.
This document contains reference to certain targets and plans of PVW Resources which may or may not be achieved. The performance of PVW Resources may be influenced by a number of factors, uncertainties and contingencies, many of which are outside the control of PVW Resources and its directors, staff and consultants.
The information in this document that relates to the exploration results and exploration targets is based on information compiled by Mr Neal Leggo, a consultant geologist with over 30 years’ experience in minerals geology including senior management, consulting, exploration, resource estimation, development, underground mining and open pit mining. Neal Leggo completed a Bachelor of Science with first class honours at the University of Queensland in 1980; is a Member of the Australian Institute of Geoscientists (Member No. 1996) and thus holds the relevant qualifications and professional association membership required by the ASX, JORC and VALMIN to qualify as a Competent Person as defined in the JORC Code. Mr Leggo is a part time consultant of the company. Mr Leggo has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves’. Mr Leggo consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.