Blaze owns a total of 5 exploration licences located midway between the multi million ounce Mt Magnet Greenstone Belt and the Paynes Find region centred on the Wydgee Greenstone Belt.
The tenements cover a total of approximately 461 square kilometres and are considered prospective for gold mineralisation located within the greenstones and banded iron units. Exploration planning is well underway with a systematic geochemical program designed to evaluate the more prospective areas.
Figure 2 – Kirkalocka Tenure
Figure 3 – Target Areas at Kirkalocka Region
The collated drilling data shows that the Blaze tenure is relatively under-explored. The majority of previous drilling has been centred around the Kirkalocka / Curara Well mine area, currently being developed by private gold developer Adaman Resources. Adaman acquired the Project in 2018 and has subsequently completed a BFS, secured A$55 million in project funding and is presently refurbishing and upgrading the site in readiness for production in December Quarter 2019.
Any new gold discoveries by Blaze within its tenure would be located within easy trucking distance to the Curara Well CIP plant.
The Leonora Project is comprised of eight tenements that cover a total of approximately 2,365 hectares and are all located within a 30-kilometre radius of the multi-million ounce Leonora Gold District and a major structural zone located to the east of Leonora called the Keith Kilkenny Lineament.
The ground is considered prospective for gold deposits hosted by quartz veined faults and shears where they transect favourable lithologies. The areas are all known to host historic gold workings and alluvial surface gold with a complex regolith potentially masking underlying basement gold mineralisation. The areas are on strike or adjacent to known gold deposits (Raeside, Cardinia) with a number of discrete targets based on sound geological principles already identified.
Figure 4 – Leonora Project Ground