|
RAVENSWOOD PROJECT EPM'S 11602, 11982 & 15057
The tenements contain Permo-Carboniferous aged intrusive complexes associated with collapse caldera centres.
High grade gold bearing quartz veins at Lionel Diggings, mineralised breccia at McGain's Gossan Prospect and anomalous stream sediment samples, indicate the potential for large tonnage intrusive breccia gold mineralization in the tenements. At Lionel Diggings rock-chip values up to 21g/t Au have been recorded. No drilling has been carried out over the prospect. Poseidon and later Normandy carried out mapping, soil sampling and IP geophysical surveys over the McGain's Gossan prospect. At McGain's Gossan prospect BHP later completed drilling four RC holes over the prospect intersecting weak gold mineralization.
CYU is currently preparing a field program to commence in early March 2009. |