Stealth Deposit

The 100% owned Stealth Deposit lies 900m south-west of the Cyclopic Deposit, on a north-west trending structure sub-parallel to the Cyclopic Fault. The Stealth Fault has been mapped for over 8km, a similar length to the main Cyclopic Fault.

Historical drilling shows significant, shallow gold mineralization along a strike length of 10km.

Exploration

The Company’s Maiden Drill program at the Stealth Deposit commenced in January 2022 and covered 350m of strike length, entirely on land where both the surface and mineral rights are owned by the Company. A total of 25 reverse circulations holes, totalling 3,741m have been completed, including 20 vertical and 5 high-angle holes.

Results to date include:

  • 51.8m @ 1.4g/t Au from 13.7m in hole ST22-003
  • 47.2m @ 1.0g/t Au from 73.2m in hole ST22-012
  • 33.5m @ 2.6g/t Au from 97.5m in hole ST22-002
    • including 4.6m @ 11.6g/t Au
  • 30.5m @ 1.2g/t Au from 18.3m in hole ST22-005
  • 25.9m @ 1.7g/t Au from 13.7m in hole ST22-004

Gold mineralisation has similar sub-horizontal geometry to the Cyclopic Deposit, with high-grade sub-vertical cross-cutting gold-bearing structures.

The mineralisation remains open in all directions. The vast majority of recent and historical drilling reached less than 100m, which provides significant scope at depth.

The drilling completed at the Stealth oxide gold deposit is focussed on confirming historical drilling intercepts and testing both lateral and depth extensions of the known gold mineralisation.

The 2022 drill program at Stealth has tested a relatively small area (350m x 150m) of the mapped Stealth Fault, which is over 8km in strike length and remains largely undrilled for most of this extent.

Drill hole collar locations at Stealth Deposit 2022 Program in relation to Red Cloud Deposit