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Mawson Preparing to Drill High-Grade Redcastle Gold Project in Victoria, Australia
VANCOUVER, BC / ACCESSWIRE / July 7, 2020 / Mawson Resources Limited ("Mawson") or (t...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Preparing to Drill High-Grade Redcastle Gold Project in Victoria, AustraliaVANCOUVER, BC / ACCESSWIRE / July 7, 2020 / Mawson Resources Limited (\"Mawson\") or (the \"Company\") (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) is pleased to announce that geophysics and drilling will commence shortly at the Redcastle epizonal gold project in Victoria, Australia.Highlights: Redcastle is one of the most significant historic epizonal high-grade goldfields in Victoria, Australia: First discovered in 1859, an extremely high-grade epizonal gold system with visible gold in quartz (+/- stibnite) association;Epizonal gold systems are the geological prize in Victoria, with Fosterville the leading example;Redcastle is the first mined of three historic central Victorian goldfields. Mining at the nearby Costerfield and Fosterville began later in ca. 1860s and 1890s respectively (Figure 1); Extremely high gold grades were mined over a 4.5 x 7 square kilometre area containing over 24 historic mining areas (Figure 2), including:The Welcome Group of mines were exploited over 2 kilometres strike length from 1859-1865, down to a maximum depth of 125 metres and extracted 20,583 oz @ 254.6 g/t gold. Forbes and Murray (1895) describe the mineralized zone as 1.2 metres wide with individual laminated veins from 5-7cm wide to 35cm wide. The quartz was described as \"very-rich in gold - every piece knocked out from either side containing fine gold well disseminated, not only in the seamy portions but in the solid stone itself.\" Forbes (1898) described the reef as 53 metres long and 0.2 - 0.4 metres wide at 187 g/t to 622 g/t gold.The Beautiful Venus Group of mines are located 2.5 kilometres east of the Welcome Group. Murray (1894) described four NW trending reef zones within a 500 metre by 400 metre area, with the main reef worked on surface over 180 metres. In 1898 the deepest shaft at Beautiful Venus was sunk to 67 metres. The reef was worked along strike for 61 metres on surface and 30 metres at the base of the shaft and averaged 0.6 metres @ 93 g/t to 311 g/t gold.Other styles worked in this field included quartz-vein stockworks in sandstones and dyke-hosted mineralization. The largest dyke reportedly worked was 11.5 metres in width and worked to a depth of 27 metres. Recorded grades from this dyke-hosted gold system was between 25 g/t to 120 g/t...