RE: Area for ECR and RRR next to SXG14 Jun 2024 12:18
It does make me chuckle when people insinuate being next door to a company pulling large quantities of gold out that everyone with ground abutting will find the mother load.
The basics. The 1st Victoria gold rush started approx 1851 & lasted throughout the 1860s. In 1856 alone, the Victoria gold field yielded > 94kg of gold. Subsequent gold rushes took place throughout the years across the whole state of Victoria. With it came the old timers, Melbourne's population grew between 1851 & 1861 from 75,000 to 500,000. In the 100 years from 1870 to 1970, Melbourne’s population increased ten-fold, from 200,000 to 2.5 million people. With it the population of Victoria as a state grew massively too. There were 3 ‘booms’ of growth in the Victorian economy over this period, 1850s to 1890, 1900s through to 1930, & 1950s to early 1970s.
Commercial gold mining companies have moved in with technology to map the geology, move & process the gold bearing rock to even extract the finest grade gold with cyanide.
Why do you need to know this, well when people (re)tweet the following
https://twitter.com/BigBiteNow/status/1800450899132977542
& also the websites such as
https://www.firstau.com/projects/victorian-gold-project/ (scroll down to SWIFTS CREEK GOLDFIELDS)
You can clearly see the NorthNorthEast – SSW of the Snowstorm & Highland Chief prospects as well as the WWN – EES of the Haunted Stream prospect.
These gold rich veins don’t appear to cut across ECR’s EL007484 licence. Yes, gold will wash through the landscape, but the gold rich veins?
Ask yourself why in over 170 years since the first gold rush, with multiple gold rushes since, with 10 of thousands of gold prospectors scouring the Victoria landscape, with commercial firms scanning & mapping the landscape, why didn’t the old timers put hundreds of mines down on the now ECR’s land? Please don’t say it’s untouched ground! Why is it the big gold companies haven’t snapped ECR’s arm off to buy the licence. Is it because the geology? Not every piece of land has gold rich veins
I believe because, as the old timers identified, there maybe no gold rich veins going across ECR’s licence, the gold rich veins go around it as can be seen in the image accessed via the above links.
ECR say of the 56 rock chips samples, 37 have been Photon analysed for their gold content, only 8 came back with results above 5g/t gold from the latest Tambo Project exploration No other rock chip samples returned reportable results. Mediocre results, in my opinion. (note the table in that RNS, lists result over 0.5g/t).
Yes, ECR should find flakes & a few nuggets of gold, washed across the land, it’s Victoria after all, the biggest chance in Victoria of ECR finding gold is the Duke of Cornwall mine, closest to the Snowstorm prospect, but it doesn’t mean because ECR have ground near Southern X than ECR will find a motherload. It just doesn’t work like that, which is why they keep