Myrtleford Property
Myrtleford is a granted exploration license and located in the north-east of Victoria, approximately 290 km northeast of the Victorian capital Melbourne and approximately 40 km south of the Victoria – New South Wales border cities of Albury – Wodonga. The license consists of a single contiguous parcel covering 418km².
The Exploration License lies within a northwest-trending belt of alluvial and hard rock gold mines that collectively produced 6.3 Moz 3 in the past, mostly from alluvial mining, but also from hard rock production.
Myrtleford represents the consolidation of an entire historic gold camp with over 70 past producing gold mines on the property, where the bulk of historic mining stopped at the water table.
Myrtleford HIGHLIGHTS
Permit hosts over 70 past producing
high grade underground gold mines
with grades often greater than 31 g/t Au*
Large alluvial district with
historic production of >5Moz*
Vast majority of historic mining and
exploration terminated at the water-table due to a lack of capital*
Unique proposition – district scale consolidation of historic gold mining camp which hasn’t seen holistic, modern exploration approach
*Myrtleford Technical Report, effective October 26, 2020
Myrtleford at a Glance
Over 70 historical gold mines on the property. Host rocks are of similar age and type as those of the Bendigo Zone in central Victoria that host the Bendigo, Ballarat and Fosterville gold deposits
LOCATION
290km north east of Melbourne
and 40km south of Albury-Wodonga
SIZE
Single contiguous parcel covering 418km²
ACCESS
Multiple paved and gravel roads
OWNERSHIP
100%
NSR
1% NSR, with option to buy back 0.5% for C$3.3M
Gold Camp Consolidation
License consolidates a strategic land package & encapsulates majority of the prospective structural trend and hard rock production potential
Majority of historical hard rock mining limited to depth of water table – small mining claims with no scalability limited historical miners
Numerous trends defined by historical mining – not explored to date
Large structural trends, hosting high grade historical mines, not systematically explored to date – unique opportunity in a tier-1 jurisdiction
Underground Targets
Shear-hosted vein accessed through the lower adit to Champion Reef – Happy Valley goldfield
Ready access to multiple reef structures
The margins of the reef arehighly sulphidic with pyriteand arsenopyrite
CROSS SECTION
OF HAPPY VALLEY TARGET
Historical section showing the Old Happy Valley, New Happy Valley, Christmas and the Porepunkah reefs
Minimal historical drilling demonstrated continuity of grade at depth
The setting of 4 high grade reefs,
in close proximity, presents a
potential drill target for E79
EXPLORE E79 RESOURCES
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