The Jeffreys Find Project comprises Mining lease M63/242. It is wholly owned by Auric Mining.
The lease is 45 kilometers north-east of Norseman and 15km north of theEyre Highway.
As a result of the Jeffreys Find acquisition, Auric will be undertaking further exploration.
Gold mineralization at Jeffreys Find is hosted in banded iron formation, with mineralization extending from surface to at least 140m depth.
The gold mineralization is thickest near surface and dips consistently at approximately 35˚.
Metallurgical testwork has demonstrated that the mineralization is amenable to conventional CIL treatment and potentially to heap leach.
The project is viewed as a potential toll-treatment operation and there are at least nine gold processing plants located within a radius that includes Kalgoorlie and Coolgardie.