Jindalee Resources and JV partner identify gold potential of Maynard’s Dam Prospect
Torque Metals signed an agreement in 2020 with Jindalee to earn an 80% interest in exploration licences on the eastern edge of the Widgiemooltha Project including Maynard’s Dam Prospect. SensOre is earning a 51% stake in the prospect by expending $3 million over a three-year period.
Maynard’s Dam lies north of the Paris and HHH Gold Projects in the Coolgardie goldfields of WA.
Historical scout drilling records at Maynard’s Dam indicate drilling intercepts of up to 3 metres at 28 g/t gold.
A desktop review, compilation of historical exploration activity and reprocessed newly available gravity geophysics at 100 metres x 200 metres spacing undertaken by SensOre has provided enhanced information on the lithologies and structures controlling mineral potential in the area and will be used to assist identifying drill site locations on the DPT