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Yarrol and Mt Steadman Projects. EMX recently closed its acquisition of the Yarrol and Mt Steadman projects in the New England Orogenic Belt of northeastern Australia. This belt contains numerous gold mines and deposits, including the nearby Mt Rawdon IRGS gold mine operated by Evolution Mining Ltd.
Yarrol Project. The 17,500 hectare Yarrol project is located between EMX’s Queensland Gold project and Evolution Mining’s Mt Rawdon gold mine, and is positioned along the regional scale Yarrol Fault (see Figure 1b). Several other historical mines and active exploration projects also lie along the Yarrol Fault structural trend.
Yarrol was the site of historical mining activities from the 1800’s through the 1930’s, with gold production averaging ~10 g/t