TOOLOOM

The Tooloom Gold Project is a long-standing Malachite asset and comprises an old and largely forgotten goldfield with numerous prospects of different types. Mineralisation generally appears to be of reduced intrusive-related gold deposit type, analogous to the deposits of the Tintina belt in Alaska and the Yukon. Several gold-bearing intrusive systems have been recognised, the largest of which is known as Phoenix.

Highlights of the discovery at Phoenix are:

• A mineralised zone around 20-40m wide and 250m long, open at depth
• Average grades of the order of 2-2.5 g/t Au, increasing with depth and to the northeast
• Individual 1m gold assay values up to 16.5 g/t Au
• Individual 1m antimony values up to 8.38% Sb
• Hosted by hydrothermal breccia
• Part of a huge mineralised system which contains several other targets yet to be fully tested.

The best gold mineralisation discovered at Phoenix so far occurs within a breccia pipe. A geophysical survey, using the induced polarisation (IP) technique, conducted by the Company in 2004, indicated that this breccia pipe is part of a much larger auriferous system that contains a billion tonnes of chargeable (i.e. sulphide-bearing) rock. All holes drilled into this system to date have intersected anomalous in gold. The gold mineralised zones also tend to have elevated levels of copper (up to 0.84% Cu over 1m) and silver (up to 86 g/t Ag over 1m). Antimony generally accompanies the gold, especially near the margins of the breccia pipe, and economically significant values of up to 8.38% Sb have been intercepted. The highest antimony values occur where late stibnite veins cross-cut the breccia, but stibnite also occurs in the breccia matrix. Overall the pattern of metal zoning supports Malachite’s view that a large mineralised intrusive body may underlie the Phoenix area and could represent a very attractive deep target for future exploration.

Exploration techniques applied to date at Tooloom include:

• Geological mapping
• Stream sediment geochemistry
• Ridge and spur soil geochemistry
• Grid-based soil geochemistry
• Helicopter-borne aerial magnetic and radiometric surveying
• Helicopter-borne aerial electromagnetic surveying
• Ground geophysics, mainly induced polarisation
• General prospecting and sampling of rocks in outcrop and on old mine dumps
• Mapping and sampling of old underground workings
• Diamond core and reverse circulation percussion drilling

For further information on the Tooloom Gold Project please follow these links:

>> Location and history

>> Geology of the Tooloom area

>> Phoenix maps and exploration data

>> Exploration results elsewhere at Tooloom

>> Tooloom Photo Gallery

Top