Norseman Project (Accent 100%)The Norseman Project is located around 200 km south of Kalgoorlie, about 5 kilometres south of the township of Norseman, in Western Australia covering the historically significant Dundas Mineral Field. Gold mineralisation at the main prospects Surprise and Iron Duke at Norseman is associated with the Mt Henry Shear.
The host rock for the mineralisation is a series of tholeiitic basalts with minor interflow sediments. A silicified and sulphide rich shear zone has produced banded grunerite-chert pyrrhotite, which weathers to a banded chert-hematite/magnetite rock. Some of the intersections are listing in table 1. Drilling programs have extended the strike length of the mineralised zone to approximately 360 metres. Mineral resources of 41,300 ounces @ 2.2g/t AU (Iron Duke) and 24,200 ounces @ 1.8g/t Au (Surprise) have previously been reported for the Norsemen Project. Although the resource is unlikely to be of sufficient scale to support a stand-alone operation, there may be joint venture opportunities for development and or toll processing with other operators in the region. Accordingly, in recognition of this potential, the Norsemen Gold Project has been retained int eh Company's portfolio of tenements.
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Quarterly Cashflow Report - March 2013
