PENZANCE POSES ABUNDANT GOLD PROSPECTIVITY
Penzance’s gold potential exists across various, relatively unexplored prospects; namely Paganini and Chopin.
Situated nearby active gold operations, and with high recovery rates achieved since exploration, Penzance has the makings of an emerging gold asset.
Penzance Poses Gold Prospectivity
GRANTED TENEMENTS IN A TIER-1 GOLD REGION
- 70km South of Kalgoorlie, premier gold mining jurisdiction, surrounded by high-quality gold projects such as Invincible NYSE: GFI and Mandilla ASX: AAR
PROVEN GOLD-BEARING REGION
- Consistent, high recovery rates achieved since the commencement of exploration with proximity to active gold operations (Westgold, Goldfields) increasing likelihood of discovery and production success
POTENTIAL FOR ANALAGOUS GOLD MINERALISATION
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- Astral Resources (ASX: AAR) MRE: 1,265koz @ 1.1g/t Au 1
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- Maximus (ASX: MXR) MRE: 335koz @ 1.5g/t Au 2, 5
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- Westgold (ASX: WGX) Beta Hunt MRE: 2,647koz @ 2.69g/t Au 3
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- Goldfields (NYSE: GFI) Invincible D. MRE: 516koz @ 5.46 g/t Au 4
1: Refer to ASX: AAR Announcement dated 18 November 2024 – Noosa Mining Conference Presentation
2: Refer to ASX: MXR Announcement dated 7 November 2024 – AGM Presentation
3: Refer to ASX: WGX Announcement dated 16 September 2024 – 2024 MINERAL RESOURCE ESTIMATE AND ORE RESERVES
4: Refer to: Gold Fields Mineral Resources and Mineral Reserves Supplement 2018
5: Maximus MRE by deposit in Map. Refer to ASX: MXR Announcement dated 2 October 2024 – Eagles Nest drilling confirms high-grade gold and expands shallow mineralisation
