Other Projects

Arltunga Gold Project (Genesis 100%)

The Arltunga gold project is located some 110 kilometres north east of Alice Springs and encompasses the entire Arltunga gold field. The project comprises one Exploration Licence (EL 25238) which covers a total area of 95.2 km2 and is prospective for gold mineralisation.

Thirty three gold prospects have been defined at Arltunga, including the historic Claraville, Wipeout, Jenkins, Round Hill, Wheal Fortune and Magdale gold workings that in total have produced over 1,000 ounces of gold historically. The prospectivity of the Arltunga project was confirmed during the 1990s through reconnaissance rock-chip, costean and dump sampling that yielded highly significant results that warrant further exploration.

Genesis believes that Arltunga is a highly attractive gold field given the gold is hosted in outcropping shear zone hosted quartz veins. Genesis intends to conduct an extensive soil and rock-chip sampling programme over a 50 metre by 200 metre grid covering the identified anomalies together with geological mapping in order to help delineate the source of gold anomalism at Arltunga.

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Pioneer Gold Project (Genesis 100%)

The Pioneer project is located approximately 95 kilometres east of Bundaberg in Queensland. The project comprises one granted Exploration Permit (EPM 15619) which covers a total area of 12.5 km2.

Pioneer has been targeted for the fourteen gold prospects that have been defined to date in the licence area. The main prospect, the Pioneer Reef, was discovered in 1880 with known historic workings striking over 1,000 metres and to depths of up to 33 metres. Mining grades within the Pioneer Reef varied from 10.7 grams per tonne to 126.4 grams per tonne gold.

Rock chip reconnaissance returned highly encouraging assay results, including 44.5 ppm Au in the Pioneer Air Shaft dump, 32.8 ppm Au in the Pioneer Burn’s Shaft Number 4 and 69.7 ppm Au in the West Yorkshire mine remnants. These results warrant follow up and drill testing.

Genesis proposes a further detailed programme of rock-chip and soil sampling over a 50 metre by 200 metre grid at Pioneer as well as ground geophysics to cover the historical gold workings and along the shear zones at Pioneer.

Laura River Project (Genesis 100%)

The Laura River project is centred on the township of Laura 210 kilometres north west of Cairns in north Queensland. The project comprises one granted Exploration Permit (EPM 15242) which covers a total area of 330.7 km2. Four gold and platinum prospect areas have been defined on the project from reconnaissance panning and sampling, with best results of 220 grams per tonne Au and 8.6 grams per tonne platinum.