Nuckulla Hill Au

The Nuckulla Hill Gold Project is located 10km south-west of Lake Everard and approximately 500km northwest of Adelaide in South Australia. The Project comprises one granted exploration licence (EL 6288) and covers an area of 465km2 in South Australia’s central Gawler Craton.

The Project lies 40km to the south of Barton Gold’s Tunkillia Gold Project, which hosts a number of gold deposits with a global Mineral Resource Estimate (MRE) of 1.5Moz Au (51.3Mt @ 0.91g/t Au) (see ASX:BGD 4/3/24).

The Tunkillia deposits are related to the Yarlbrinda Shear, a crustal-scale deformation zone within the Gawler Craton. The Nuckulla Hill Project is also located along the Yarlbrinda Shear Zone.
The Nuckulla Hill Project contains a number of advanced gold prospects requiring follow-up work, including Sheoak, Bimba and Myall. All prospects have had only limited drilling.

Sheoak Prospect
The Sheoak Prospect is over 800m in strike length and remains open to the north and south, as well as below 120m depth.

The Prospect was originally identified in the 1990’s through calcrete sampling by Equinox Minerals, with first-pass aircore drilling by Equinox returning +1g/t intercepts including 7m @ 4.4g/t Au.
Sipa believes that there is good potential for extensions along the strike of the shear zone and at depth, which will be the initial focus of exploration.

Bimba Prospect
The Bimba Prospect is over 300m long and remains open along strike and is unexplored below 120m. The prospect was identified by Equinox Minerals through shallow aircore drilling, with follow-up RC drilling identifying mineralisation down to at least 120m depth. Better RC results included 24m at 1.1g/t Au, and 10m at 1.1g/t Au.