Outback Goldfields has secured an exploration licence for its Ballarat West tenement located 5km from the Ballarat gold mines in Victoria, Australia.

Located close to high-grade Ballarat and Creswick goldfields, the Ballarat West tenement includes 44,800ha of underexplored, highly prospective rocks of the Bendigo and Stawell zones.

Outback Goldfields chairman Craig Parry said: “Ballarat West is one of four key assets Outback has in the Victorian Goldfields.

“It’s a large package that is completely underexplored due to shallow cover despite the fact that over 17 million ounces of gold have been produced within 10km of the property.

“I believe Ballarat West represents an incredibly significant opportunity on our quest to find a multi-million-ounce discovery.”

The exploration mining company said that the property is supported by prospective rocks of the Stawell and Bendigo zones.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Mining Technology.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Based on historic alluvial workings and deep leads, the tenement is anticipated to be the local source for gold mineralisation.

To better define focus areas for exploration at the property, the company’s technical team has commenced compiling and reviewing all regional and property-scale geological, geochemical and geophysical data.

Subsequently, the team will focus on getting landholder access agreements. This will be followed by a phase one exploration programme comprising geological mapping, rock-chip sampling and soil geochemical surveys.

Outback Goldfields owns a package of four highly prospective gold projects located proximate and adjacent to the Fosterville Gold Mine in Victoria.

The firm is currently undertaking a phase one exploration programme at two of the four tenements.