Golden Deeps Grows in Lachlan Fold Belt Copper-Gold Province, NSW

Money Bizwiz Team
3 Min Read

Welcome to Golden Deeps Ltd: Unlocking Potential in NSW’s Lachlan Fold Belt

Exciting news for Golden Deeps Ltd (ASX: GED) as they have recently entered into a binding Heads of Agreement (HOA) to earn an 80% interest in four granted exploration licenses in the Lachlan Fold Belt Copper-Gold Province of NSW. This move solidifies the company’s position in a highly prospective area with significant potential for discovery (see Figures 1, 2, and 3).


Exploring the Potential

  • Golden Deeps will reimburse previous exploration expenditure and earn an 80% interest by investing $300,000 in exploration within three years.
  • The Acros and Crown tenements in the Lachlan Fold Belt hold promising potential for both gold and copper deposits, with key targets identified for further exploration.
  • The company is currently drilling at the Havilah Copper-Gold Project to test porphyry/volcanics hosted copper-gold targets at the Hazelbrook prospect.

Unlocking Opportunities

  • Extensions of mineralized volcanics and intrusives within the Rockley-Gulgong Volcanic Belt offer promising prospects for major copper-gold discoveries.
  • Geophysical programs will define drilling targets in areas which have received limited exploration due to shallow cover.

About the Acros and Crown Tenements

The Acros and Crown tenements are strategically located near Mudgee in the Eastern Lachlan Fold Belt region of NSW. These tenements straddle the boundary between highly prospective areas for gold and copper deposits, presenting a unique opportunity for exploration and discovery.

Key Highlights:

  • The Eastern tenements are targeting porphyry/volcanic-hosted copper-gold mineralization in Ordovician age volcanic rocks.
  • This area is part of the Macquarie Arc in the Lachlan Fold Belt, known for hosting world-class copper-gold deposits such as Cadia-Ridgeway and North Parkes.

Upcoming Developments:

Exciting advancements in geophysical surveys and exploration programs aim to uncover drilling targets in areas with high potential for major discoveries. Stay tuned for more updates from Golden Deeps Ltd as they continue their exploration journey in the Lachlan Fold Belt.

Click here for the full ASX Release

This article includes content from Golden Deeps, licensed for the purpose of publishing on Investing News Australia. Please perform proper due diligence before acting upon any information provided here.

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