Northern Zone Gold Project26 Mar 2025 08:14
Purely my own research, I'm no expert. If there are errors, point them out which in turn promotes further research and discussion.
Over the past 12 months, both companies have been quietly pushing ahead with exploration at the Northern Zone Gold Project in WA, and some of the results coming through suggest this could be a sleeper with scale.
The project sits just outside Kalgoorlie – a well-known, Tier-1 gold jurisdiction with infrastructure, processing capacity, and a long mining history. That alone makes this more attractive than your average frontier exploration play.
Numbers: So far, an exploration target has been outlined at 200–250 million tonnes at 0.4–0.6 g/t gold, which equates to a potential 2.5 to 4.8 million ounces. That’s significant bulk tonnage territory, not high-grade underground stuff, but something that could be mined at scale if the economics stack up.
Drill results to date:
• NZRC007:
54m @ 0.65 g/t Au from 39m
incl. 7m @ 3.62 g/t from 39m
incl. 1m @ 12.10 g/t from 44m
• NZRC008:
54m @ 0.51 g/t Au from 37m
incl. 5m @ 4.37 g/t from 37m
incl. 1m @ 15.13 g/t from 40m
• NZAC033:
16m @ 4.69 g/t from 30m
incl. highest grade zone at 27.5 g/t
• NZAC029:
4m @ 6.90 g/t from 39m
• Others have confirmed multiple shallow, high-grade intercepts between 3–4m wide with grades from 1.2 to 3.3 g/t.
All of this suggests the presence of high-grade zones sitting within a broader, lower-grade porphyry halo. That’s a good combination if the high-grade material can be selectively mined or processed early to boost project economics.
For reference, Dates:
• Sept 19, 2024 – First assays
• Nov 19 & 25, 2024 – Follow-up drill results
• March 19, 2025 – Most recent assays confirming continuity
This is still an early-stage play, but the project is developing the hallmarks of a large, open-Pitt gold system, with high-grade shoots that could provide early cash flow or support a staged development. It’s in the right geological setting, the grades are there, and the footprint looks like it’s still open along strike and at depth.
Risks: Let’s be realistic, this isn’t a de-risked development yet. There’s:
• No JORC compliant resource yet – just an exploration target
• Drilling is early stage – spacing and continuity need to be proven
• Funding Risk – both RGL and ORCP are juniors; any future development will likely need capital raises or a partner
• Metallurgy – early tests suggest
o 90% recovery over 72 hours, which is promising, but bulk scale tests are still needed
• Permitting and native title – as with all WA projects, timelines and consultation are a factor
What appeals to me here is the combination of scale, location, and the blend of low and high-grade mineralisation. If future drilling confirms continuity and extends the system, this could become a significant gold asset. It’s speculative, no doubt but the upside, in my view, justifies k
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