Tri Origin considers there is potential for the discovery of high-grade gold mineralisation amenable to underground mining at the Calarie Project, where previous operators have outlined a potential resource.
The Calarie Project is located near the town of Forbes, 290 kilometres west of Sydney.
A potential resource target of 500,000 tonnes grading 2.0 g/t gold within and beneath the old gold workings has been previously identified, situated above 120 metres depth and with an average width of mineralisation of around 5 metres.
Of interest are deeper intersections at the edge of the resource, including 15 m @ 16.9 g/t gold, 9.6 m @ 22.5 g/t gold, 6 m of 10.3 g/t gold and 12 m of 0.67% copper. There has been essentially no follow-up drilling of these promising results below 120 metres and Tri Origin believes there is potential for the discovery of a deeper, high-grade gold mineralisation.
The Company is considering the alternatives to progress exploration on this project.