Tunkillia North Au

The 100%-owned Tunkillia North Gold Project is situated 20km west of Lake Everard, approximately 560km north-west of Adelaide in South Australia.

The Project comprises one granted exploration licence (EL 6493) and covers an area of 119km2 in South Australia’s central Gawler Craton. The Project lies adjacent to the north 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. Sipa’s Tunkillia North Project is also located along the Yarlbrinda Shear Zone.
The Tunkillia North Project also hosts a 5km x 5km gold-in-calcrete geochemical anomaly, which is very similar to the anomaly that led to Barton Gold’s Tunkillia discovery.

The Tunkillia North anomaly has never been effectively drill tested and represents a highly prospective gold target, given its location within the Yarlbrinda Shear Zone and along strike from Tunkillia.

Given the size and magnitude of the gold-in-calcrete anomalism, lack of drilling to date, similar geology to nearby deposits, and a possible analogue to the immediate south, exploration at Tunkillia North will be prioritised within Sipa’s portfolio.