EMX and RTZ14 Apr 2024 18:00
This is about EMX and RTZ. Thought it might be worth a comparison. Apologies if posted previously.
"Rio Tinto Exploration Pty Limited (RTZ) has indeed been involved in drilling activities in Queensland, Australia. Specifically, they conducted historic drilling at the Queensland Gold Project, which is located in the northeastern part of the country. Here are some key points about this project:
Project Overview:
The Queensland Gold Project is one of the largest projects owned by EMX Royalty Corporation in terms of area.
It covers a 46,400-hectare region and is situated in the Tasman Orogenic belt, known for hosting significant gold mines and deposits.
The project includes historic gold mines, gold occurrences, drill-defined zones of gold mineralization, and untested gold geochemical anomalies.
EMX acquired the project in stages between 2016 and 2019 before the recent surge in gold prices.
Mineralization and Exploration:
EMX’s exploration work followed up on historic drilling conducted by RTZ.
RTZ’s drilling intersected long intervals of gold mineralization in the project area.
The mineralization is associated with quartz vein stockworks in rhyolitic-dacitic intrusions, typical of intrusion-related gold systems (IRGS).
Notable historic drill holes include:
RC93CH3: Mineralized over its entire length, averaging 94 meters at 0.49 g/t gold.
DD93CH10: Averaged 0.47 g/t gold over 66 meters (from 59m to 125m), also ending in mineralization.
Several other holes also ended in mineralization.
For comparison, the average grades of current reserves and resources at the nearby Mt. Rawdon Mine are 0.69 g/t gold and 0.62 g/t gold, respectively.
Availability and Ownership:
The Queensland Gold Project is 100% owned by EMX and is open for potential partnerships.
In summary, RTZ’s historic drilling at the Queensland Gold Project revealed promising gold mineralization, and EMX continues to explore and develop this significant property"
And separately,
"Australia’s geological diversity, including greenstone belts and favorable structures, contributes to the abundance of gold deposits. ECR Minerals aims to uncover a multi-million-ounce gold resource in these regions, shaping the future of Australia’s economy and identity."
sources: Bing