Auric Mining are 100% owners of 2 advanced gold projects in the Widgiemooltha area of Western Australia, the Munda Gold Project and the Jeffreys Find gold Project. Both are on granted Mining Leases and with near term development potential. Auric also holds title to two exploration licences (EL’s) with demonstrated gold anomalism at Spargoville and seeks to acquire further quality exploration and development landholdings in the area.
The Widgiemooltha district is 631km east of Perth and has a long and distinguished mining history with numerous gold, nickel and rare metal mines. Even with the extensive mining history in the area, considerable exploration prospects remain with several significant gold project developments in the past ten years, including (1) Mincor’s Widgiemooltha Gold Project (5.5Mt at 1.9g/t for 328,700oz Au), (2) Karora Resources’ Beta Hunt (10.1Mt @ 2.9g/t for 944,000oz Au), and (3) Polar Bear Project (6.24Mt @ 1.71g/t for 353,000oz Au).
The Munda Gold Project (Mining Lease 15/87) is located approximately 34 km south-west of the mining town of Kambalda and 3km southwest of Mincor Resources’s Widgiemooltha Gold Project.
The Jeffreys Find Project (Mining Lease 63/242) is 100% held by Auric Mining Pty Ltd. The lease is 45 kilometers north-east of Norseman and 15km from the Eyre Highway.
The Spargoville project is centred around 4 km west of the Coolgardie-Espererance HIghway and 35 km southwest of Kambalda