Caprice Murchison JV

The Murchison project is a Joint Venture with Caprice Resources Limited (ASX:CRS) completed in July 2021 with Golden State Mining retaining a 20% share in the tenure which includes the Cuddingwarra and Big Bell South projects.

The Cuddingwarra project is located 540km north-east of Perth and 10km west of the town of Cue in Western Australia. The project resides in the Murchison Greenstone Domain, within the Youanmi Terrane of the Archaean Yilgarn Craton. The project is highly prospective for Archaean orogenic gold mineralisation. The project includes two separate tenement packages that straddle the north-south striking Cuddingwarra Shear Zone (CSZ).

The geology is dominated by a north-south striking sequence of basalt, high-Mg basalt, andesite and ultramafic units. The sequence is variable intruded by felsic to mafic dykes and sills and is folded to the south-west with a large-scale south-east plunging anticline. Second order shears from the CSZ and smaller scale linking structures have disrupted and deformed the greenstone sequence and are broadly associated with gold mineralisation.

Stratigraphy in the south-west is partly obscured by transported sediments. The Cuddingwarra West tenements are bordered by large granitic intrusions.

The Big Bell South project is located 520km north-north-east of Perth and 35km west of the town of Cue in Western Australia. The project resides in the Murchison Greenstone Domain, within the Youanmi Terrane of the Archaean Yilgarn Craton. The project is highly prospective for Archaean orogenic gold mineralisation.

The project includes a single exploration license (E21/193) over what is interpreted to be the southern extension of the Big Bell stratigraphy and fault. The tenement is located approximately 20km south of West Gold Big Bell gold deposit.

While the geology of the Big Bell deposit and stratigraphy is well studied and documented, the southern extension of the amphibolite facies greenstone sequence is poorly exposed with shallow alluvial cover over much of the tenement. Airborne magnetics suggests the southern extension of the Big Bell stratigraphy that runs through E21/193 is 0.5km to 1.0km wide.

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