Gold and Copper Resources holds one of the largest private mining exploration tenement portfolios in the Lachlan Fold Belt of NSW covering approximately 1,500 sq km of exploration tenements mostly within a 50km radius from Cadia-Ridgeway. The company is actively exploring across 45 ELs.
Gold and Silver Deposit
In 2020, the company made an initial discovery via 3 holes all intersecting resource-grade gold and silver with best intercepts 59m @ 2.8g/t Au from 109m.
During 2021, the company executed a program of 21 diamond drill holes to quantify an initial JORC-complian combines Au/Ag Indicated and Inferred Resource Estimate of 117koz with average grade of 2.3g/t (AuEq basis).
The deposit is open along strike to the south-east and north-west in areas over which the company holds Exploration Licences.