Follow-up RC drilling is also required at the Taupo Prospect (Fig. 1), about 2km north of the Karonie mine, where shallow broad-spaced historic drilling returned gold intercepts including 6m at 1.94g/t Au from 74m to EOH, 10m at 2.55g/t Au from 30m and 22m at 1.06g/t Au from 42m. Gold mineralisation remains open to the north and south of Taupo.
The KZ5 Prospect (Fig. 1) has gold and base metal anomalism, and untested IP and EM anomalies over a strike extent of 1.2km. Anomalous historic gold and zinc intercepts, including 20m at 1.58 g/t Au from 190m and 14m at 0.44% Zn (from 202m) and 12m at 1.37 g/t Au, 0.71% Zn from 42m also require drill testing (ref. Alchemy Resources ASX announcement dated 28 October 2016).
A prospectivity study completed by SRK Consulting has been used to assist the planning first pass aircore drilling across seven target areas. The prospectivity study uses Minerals System Analysis and Weights of Evidence Analysis to identify targets for gold mineralisation. Minerals System Analysis focusses on generalised gold mineralisation system knowledge including source, pathway, focus and trap site criteria (Fig. 3 – left). Weights of Evidence Analysis uses local gold deposit information including rock types, structures, drilling and soil geochemistry, and geophysics (Fig. 3 – right). The study indicates areas of higher prospectivity that warrant future exploration focus. These are represented by the “hot” areas in Figure 3 below.