Timor

The Timor area is underlain by Palaeozoic Ordovician sediments that host many various sized auriferous quartz vein deposits.
The regional faults strike to the north-south within the tenement, which host the gold mineralized quartz veins and stockworks in various structural settings.
The gold-quartz deposits have eroded into the surrounding drainage system creating a large network of alluvial gold deposits. Apart from the shallow alluvial deposits worked during the 1850s gold rushes, the deeper deposits were mined by various companies which have a recorded production of 36,500 ounces during the 1870-1920 period.
Two major regional faults host the majority of the more significant hard rock gold mines, the Leviathan Fault Zone and the Shaw’s Fault Zone which extend for tens of kilometres and are the primary exploration targets within the project.
The recorded production from hard rock sources for the EL006278 is 292,680 tons for 96,816 ounces (10.1g/t Au) of which 70% came from the Leviathan fault Zone within EL006278, which produced 181,180 tons for 67,511 ounces at 11.4g/t Au. The Shaw’s Fault Zone recorded production from within the EL006278 is 18,643 tons for 13,561 ounces at a recovered grade of 22.3 g/t Au for 14% of the total recorded production.