The Pilbara region of Australia has been liberally compared to South Africa’s Witwatersrand Basin, the colossal mining region responsible for nearly half of all historical gold production. Recent excitement over the discovery of gold nuggets on the surface has died down as news of an untapped cornucopia has become somewhat redundant. But has all this news about a new gold-rush been over-hyped?
Perhaps not so much. There is undoubtedly a lot of gold in Pilbara, however, due to the gold’s nugget characteristic, drilling has proven to be difficult. There is certain quantity in the area, the conglomerate gold nuggets typical of Pilbara have had measured potentials of up to 60 grams per tonne of gold, considering that 5 grams per tonnes are usually of economic significance.
With so much news surrounding Pilbara, it is easy to get lost in the numbers. There is an upcoming webinar on July 25th, 11:00 am EDT hosted by Red Cloud Klondike Strike’s VP of Mining Analysis, Derek Macpherson to discuss a brief history of Pilbara and the industries next steps in developing the region. We highly recommend this webinar if you are interested in the Pilbara region and its gold projects.