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ROO GOLD

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JNC Resources is a North American based mining exploration company. Our goal is to develop under-explored properties, benefit from deal flow generated by our strategic partnership and growth opportunities.

 

Malebo, the first of two properties acquired by JNC can be found in the central-south region of Australia in the Lachlan Orogenic belt, which covers roughly 159 square kilometers and contains a series of prolifically mineralized accretionary terranes which host several economically important mineralized deposits. Much of the mineralization is structurally controlled low sulphide in nature and manifesting as auriferous short, lenticular, blocky quartz veins hosted within oada sandstone units. A potential controlling factor of this mineralization may be the regional NNE/SSW striking Narriah Fault, which spans a 35 km strike across the application area. Mineralizing fluids are potentially related to regional metamorphism and/or granitic intrusive during the middle-late Silurian. The relationship between a regional structure juxtaposing moderate grade metamorphic rocks, gold-bearing quartz veins, and gold-arsenic-silver-minor lead geochemistry, is consistent with an orogenic gold target type.

These systems show the potential to have significant depth extension and considering Malebo has been largely under-explored due to a thin cover of recent sediments, historical reports show samples of high-grade deposits and reveals the potential for significant gold resources throughout several past mines and prospects, with compelling results that demand the need for further exploration.

  • Prospectors Reef is a historic gold mine, associated with structurally controlled quartz veins, once reported head-grade bulk samples upwards of 31 g/t Au.
  • Egans Prospect contains a series of shallow historic shafts, drives, pits and costeans. Samples collected in 1974 assayed up to 270 g/t Au, 3500 g/t As and 840 g/t Pb being typical of orogenic gold mineralization throughout the region. Visible gold has also been noted.
  • Malebo Mine hosts several shallow exploration shafts. Samples collected in 1971 assayed up to 4.5 g/t Au and 71 g/t Ag.
 

Solomons, the second property acquired by JNC can be found in the north-east portion of the New England Orogenic Terrane region and covers roughly 139 square kilometers. This region contains island-arc and continental-arc gold-mineralized belts, occupied by broad alluvial gold fields and several economically important gold deposits. Mineralisation is of an orogenic quartz vein type. Such systems typically comprise high grade lodes with significant depth extension. The license includes 12 historic gold mines and prospects which follow a large linear NE/SE trend, yet the license is largely under-explored. Historical records from small-scale production indicate grades of up to 132 g/t Au and 1648 g/t Ag. The region continues to remain underexplored since the gold-rushes of the early 1900’s.

  • Gumboot Reef contains a small, historic exploration adit that was driving into a gossanous zone with quartz veinlets. Historic grades of up to 64 g/t Au were reported.
  • Solomons Mine consists of several shallow shafts. Historic assay of up to 132 g/t Au and 1648 g/t Ag cited. Mineralization is regarded as a vein type – possibly a low sulphidation epithermal.
  • Dunbible Gold Mine comprises a single shaft which was sunk to a depth of almost 20 m. Historic assays of up to 13 g/t Au cited.
  • Rixons Gold Mine hosts several shallow adits and shafts in an area of noted for reasonably sized gold nuggets. Further work required.

 

Read more about Malebo & Solomons here

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