GULF MINES

Nowa Nowa Project

Nowa Nowa Project (Victoria)

PROJECT LOCATION

 

• Iron Deposits investigated by the Vic Govt in early 1900s and 1950s • Magnetic anomalies discovered in 1950s & investigated by Vic Govt including some diamond drilling

• 5 mile deposit described as a skarn. However there are no granite intrusions or limestone in the area

 

• Deposits are potentially 50 to 100 million tonnes in size

• Grade of 17 surface rock chip samples taken from 3 prospect areas is 50% to 63% iron (Fe)

 

 

 

Sample Number
Project
NITON Fe %
ICP Fe %
NOW001
7 Mile
51.26
57.70
NOW002
7 Mile
62.57
65.90
NOW006
7 Mile
41.63
51.80
NOW017
7 Mile
61.06
62.20
NOW032
5 Mile
55.93
61.00
NOW033
5 Mile
51.01
60.70
NOW038
5 Mile
39.73
52.10
NOW039
5 Mile
47.95
56.30
NOW079
B21
55.44
55.10
NOW091
B3
51.63
52.00

Comparison between Niton field XRF unit and NATA~Assay lab results

 

Old Permanent Way – Note the helipad used by DSE (Dept of Sparks and Embers)

Looking back at the old rail crossing bridge

“Borrow” pit at 7 Mile magnetic anomaly

This boulder is massive haematite

Drill collar at 5 mile

Quarry just behind the town