The Spargoville Project is centred around 4km west of the Coolgardie-Esperance Highway, and 35 km southwest of Kambalda. It comprises 1 granted and 2 pending exploration licences and 2 granted and 1 pending prospecting licence. Two of the tenements are held 100% by Auric Mining via wholly owned subsidiary Spargoville Minerals Pty Ltd and gold rights are held over the other 4 through a recent transaction with Neometals Pty Ltd.1
Soil auger sampling within the Spargoville Project by previous explorers has defined several gold anomalies that have only been partially tested by drilling or remain untested. These include the “Fugitive Prospect” where follow-up drill testing has only partially tested the robust soil anomaly yet has returned significant intercepts including: SPAC0142; 14m @ 2.51g/t Au2.