Petratherm have secured two tenement applications within the highly prospective Bendigo Gold Zone in Victoria.
The recent resurgence in interest in Victorian Goldfields, largely stems from the spectacular success of Kirkland Lake Gold’s Fosterville operations, with production forecast to increase to over 500,000 ounces in 2020 and reach over 570,000 ounces by 2021 (reference: Kirkland Lake Gold Press Release 11/12/2018).
Much of the recent upturn in gold exploration in Victoria has come from explorers gaining a better understanding of the structural controls of the reef systems hosting the gold shoots, and the importance of major faults localising mineralisation. In many cases, very little serious modern exploration has occurred, testing the extents and depth of these historic gold reef systems. The utilization of modern gravity surveying techniques to locate prospective faults under cover has been paramount in targeting areas for later drill testing with the potential of leading to new discoveries.
In 2018, Petratherm secured two highly prospective ground positions over the Bendigo Gold Zone including the Yuengroon Project located within the Wedderburn Goldfield and the Silver Spoon Project positioned between the operating Fosterville and Costerfield Gold Mines.
Petratherm is actively looking to increase its Victorian project holdings through purchase or joint venture.
Exploration tenement holdings in the Victorian Gold Fields.