Enterprise Metals Limited (ASX: ENT) has entered into an 18 months Option Agreement with a private owner to purchase the Mandilla Gold Prospect, near Kambalda in WA’s goldfields.
The Mandilla Gold Prospect occupies the eastern portion of the Mandilla Syenite, the western portion of which was successfully mined by Anglo Australian Resources NL at its Mandilla Gold Project.
Chairman, Dr Allan Trench, said Enterprise’s target at the Allen’s Mandilla Prospect is high grade primary gold mineralisation, similar to that already discovered on the western margin by Anglo Australian Resources.
Between 2006-2007, Anglo produced ~23,000oz Au from an open cut palaeo-channel running along the western margin of the syenite, and in 2008 reported an Inferred resource at Mandilla East, also on the western margin of the Mandilla Syenite.
Enterprise said that while there has been extensive exploration activity including auger soil sampling, RAB and aircore drilling and RC drilling for gold over the western margin of the Mandilla Syenite, soil sampling over the eastern part of the syenite has been largely ineffective due to transported overburden.
However, the company believes that gad previous explorers known of the higher-grade gold mineralisation within cross cutting structures in the western portion of the Mandilla Syenite, it is likely that there would have been more drill testing of similar structures on the eastern portion of the Mandilla Syenite.
“It is concluded that the eastern portion of the Mandilla Syenite within E15/1437 and P15/5885 may be mineralised in a similar way to the western portion. Targeted aircore drilling of de-magnetised zones of syenite within E15/1437 is planned,” Dr Trench said.