Hortons Gold Project
The Hortons Gold Project is situated 30km south east of Tenterfield in Northern NSW and comprises one exploration licence which covers 58 sq. km and has several gold anomalies. The Project is currently being acquired from Syndicate Minerals Pty Ltd with due diligence on the project now complete.
The Hortons gold mine was developed by T. Horton in 1883 and was worked intermittently until 1938 with a shallow open cut and a shaft to around 10m depth.
The first modern exploration was carried out by the Electrolytic Zinc company from 1986 when 10 shallow holes were drilled. Following this Diamond and/or Reverse Circulation Drilling was completed by several groups including Saracen Minerals, Homestake Australia Ltd and Ross Mining.
The drilling defined a strong zone of high grade mineralisation at shallow depths which is continuous over five 20m spaced sections. The sections are preserved in local grid co-ordinates to eliminate any grid conversion errors. There is no effective drilling either NNW or SSE, so there is further potential along strike and at depth.
Location and Geology
The Webbs Deposit is located approximately 65 kilometres northeast of Inverell and 230 kilometres southwest of the Gold Coast in northern New South Wales, Australia. The area consists of moderate to steep wooded hills, open farm country and open country and is dissected by several seasonal streams.
EL5674 comprises 4 graticular units for Group One Minerals and is cantered about 10km north of Emmaville, in northern New South Wales. The license is located within the New England Fold Belt (Figure 2) which comprises Palaeozoic meta-sediments and volcanics, intruded by granites and granodiorites.
The dominant feature in the area is the Upper Permian Mole Granite., part of the large New England Batholith that extends over more than 400 km along the east coast of Australia. The batholith formed between 270 Ma and 225 Ma along an Andean-type active continental margin and consists of a large number of individual plutons that intruded in several pulses into a complex crustal association of the New England Fold Belt, now recognised as an orogenic wedge sequence.
Three lines of lode are identified in the vicinity of the main shaft, with historical production mainly from the Central lode. Two lodes, identified as ‘Eastern’ and ‘Western’ lodes, form a left hand en-echelon arrangement and are potentially structurally repeated equivalents of the Central lode.There are several down-plunge extensions that require testing by drilling and the remainder of the tenement is largely underexplored