Sandy Creek, Victoria
(GOLDSEARCH 100%)
Sandy Creek (EL 4812) is located 15 kilometres south of Tallangatta in north-east Victoria. The project is underlain by Early Ordovician Omeo Metamorphics which are intruded by Silurian age adamellites. Gold mineralisation occurs principally in hydrothermally altered pegmatites which intrude the contact zone over a width of 70 metres. Best grades have been mined where north-west and north-east shears intersect the pegmatites. Alluvial gold was discovered in 1854 followed in 1877 by the discovery of the reef systems. Total production is estimated for the period 1879 to 1905 at 72,000 tonnes grading 50 grams per tonne gold. This included four tonnes of handpicked quartz from the Odell's Reef which contained 3.7 kilograms of gold. Recent mining at Odell's is reported to have extracted 400 tonnes grading 300 grams per tonne gold.
A drilling program to test the potential of the O'Dell's prospect at depth intercepted footwall granitic rocks at shallower than anticipated depths.
Goldsearch is currently seeking expressions of interest in this project from prospective joint venture partners.