

■ 200km long / 3012 km2 exploration licences on a new Carlin style gold trend |
Solomon Gold’s 100% owned subsidiary Central Minerals holds exploration licences covering 3,670km2 over a strike length of 200km on the eastern margin of the Permian Triassic Bowen Basin in Central Queensland, approximately 200km north west of the Mt Perry project area and160km west of the port of Gladstone. The project is based on the recognition by Solomon Gold geologists of long and broad zones of low temperature gold bearing fragmented and silicified rocks at the sheared base of the Bowen Basin limestone and volcanic rich sediments on its eastern margin. The main project in the area is at Rannes which exhibits structures and geochemistry similar to the Carlin trend in Nevada USA. The Carlin and Battle Mountain Trends are amongst the most prolific gold producing belts in the world, boasting in excess of 200million ounces of combined resources and production to date. Mineralisation occurs on structural trends which are the focus of the intrusions, faulting and characteristic low temperature mineralisation. Five prospects in the Rannes Central area (Crunchie, Homestead, Kauffmans, Cracklin Rosie and Porcupine Pie) have been subject to first pass drilling by Central Minerals and previous explorers with potentially economic intersections in all five. In addition, surface soil, stream and rock sampling has identified a further thirteen gold targets, of which five (Soggy-Hogget Hill, Mt Cooper and Brother-Police Camp Creek) are considered to be high order and located close to the drilled prospects referred to above. Police Camp Creek is four kilometres long and defined by strong gold results in soil sampling. |
Mt Cooper, located in the northwest of the Rannes project, is 7km long, open ended and defined by strong silver values in soils. Mt Cooper is located in the northwest of the Rannes project, is 7km long, open ended and defined by strong silver values in soils. Mt Cooper is located in Bowen Basin sediments and is considered to represent the upper level expression of a gold mineralised system at depth.
The company plans to continue the exploration program at Rannes, with drilling of further initial targets planned for the next quarter.
Solomon Gold is targeting a resource in excess of 1 million ounces of gold at Rannes. Click here to read more on Rannes