The Fairleys prospect is located17 km southwest of Bright within EL4724 and is part of the historic Buckland Goldfield. Dart Mining has previously reported it’s Fairleys Prospect represents an entirely new style of disseminated (non-reef) gold mineralisation within the Buckland Goldfield. The mineralisation occurs within intense zones of shearing with variable sulphide / silica alteration development. This shear hosted disseminated gold – sulphide mineralisation shows textural similarities of asicular arsenopyrite that is also evident in the Fosterville deposits of Central Victoria (Newmarket Gold).
Since discovery in 2006, the early soil grid has been expanded with targeted portable XRF programs, this has now identified significant soil arsenic anomalies and demonstrated strike extensions and parallel mineralised shears open over an 800m strike. These targets are now receiving detailed exploration and resource evaluation (see Map below) showing intersections of up to 3m @ 18.37g/t Au (Including 1m @ 34.2 g/t Au) – (refer DTM ASX Report for the Quarter ended 31 December 2014). Dart Mining has also designed a surface and underground exploration program to be followed by resource drilling if warranted. The program aims to evaluate what appears to be a high grade northeast dipping shear with historic workings showing structural continuity open over some 30m vertical. Initial channel sample results up to 2.05m @ 9.78g/t Au (See DTM ASX Update – Fairleys Prospect August 9 2016) are very encouraging and fully justify the next stage of underground sampling.
The Fairleys prospect appears to fit within the developing small scale (5,000oz – 50,000oz) gold strategy adopted by the company.