The Caledonian Project is located 20km south-east of Yass in the Southern Tablelands of New South Wales. The area comprises volcanosedimentary rocks of the Silurian Douro Group and is considered prospective for gold mineralisation.
At the Caledonian Prospect, highlight ‘McPhillamys-style’ gold results from previous exploration include 36m @ 1.2 g/t Au from 0m to EOH in drillhole LM2 and 81m @ 0.87g/t Au in a costean. The distribution of multiple historic drill intersections indicates a potentially large, mineralised gold zone with discrete high-grade zones, e.g. 6m @ 8g /t Au recorded from lode at historic Caledonian Mines (GSNSW). A strong, robust soil gold anomaly (600 x 100m @ +0.1ppm) occurs and most drillholes (depth ~25m) terminate in the mineralised zone McPhillamys-style gold mineralisation.