Blackwood Gold Project

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Blackwood Gold Project

Victorian Goldfields, Victoria

The Blackwood Gold Project comprises Exploration Licence (EL 5479) covering an area of 24 km2 located in central Victoria, 40 km east-northeast of Ballarat, in the historic and legendary “Golden Triangle” in the Victorian Goldfields. Cauldron has a once in a generation opportunity to develop and expand the understanding of the mineral system at the Blackwood Gold Project left behind by the past miners of Victoria’s golden era. The Victorian Goldfields is one of the world’s most prolific gold provinces accounting historically for more than 2% of world gold production and 30% of Australian gold production since 1850.

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Initial drilling results indicated a strong, high-grade mineralisation at Blackwood:

  • BKD014: 0.6m @ 20.1 g/t Au (from 20.8m)
  • BKD015: 0.8m @ 19.2 g/t Au (from 20.2m)
  • Numerous other intercepts 0.1 – 1.0 g/t Au
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Project located in central Victorian gold province, i.e., the “Golden Triangle”.

  • Over 85 Moz of gold produced.
  • ~30% of Australian production
  • ~2% of global production
  • Little exploration since the 1980s but new proven understanding of gold distribution has prompted a “second Victorian goldrush”
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51% Joint Venture ownership (CXU) with stepped rights to earn-in to:

  • Initial 65% ownership – key milestone: Mineral Resource (JORC 2012) of at least 300,000 oz gold (Au)
  • Subsequent increase to 80% ownership – key milestone: mining production rate of at least 10,000 oz Au per annum
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Situated within the known, highly productive Bendigo Goldfield that hosts several world-class gold mines and deposits

  • Produced 22 Moz at 15 g/t Au

Geology and Mineralisation

The Blackwood Gold Project is located in the highly prospective “Golden Triangle”, which is a colloquial term for the highly productive central portion the Victorian gold province. The Golden Triangle contains the Bendigo (>22.4 million ounces, or Moz, of gold production), Ballarat (>13.1 Moz of gold production), Castlemaine (>4.2 Moz of gold production) and Stawell goldfields (>2.6 million ounces of gold production).

The central portion of the Victorian gold province, one of the world’s most productive and until recently, largely forgotten gold producing areas, accounting for more than 2% of world gold production and 30% of Australian gold production since 1850.

The geology of Victoria is split into twelve distinct zones, each having a distinct stratigraphic, structural and lithological style. Of these zones, the Ballarat (mustard colours), Melbourne (blue colours) and Stawell zones (mauve colours) are historically the most productive for gold.