Dominion's Cundeelee Project comprises an area of approximately 1,260 square kilometres and lies within the 'Tropicana' belt which historically has only been subject to limited exploration activity. It is now considered to be the most exciting new gold belt in Western Australia.

The main activity has been at the Tropicana/Havana Prospect, where Anglo Gold Ashanti (AGA), in joint venture with Independence Group, has discovered a +5 million ounce gold deposit. They have also announced a discovery at the Beachcomber Prospect where several significant intersections, including 4m @ 43.5g/t Au have been returned.

Tropicana and Beachcomber are about 220 km apart while Dominion's Cundeelee Project lies in between covering an 80 km length of the target geology.

Targets

Dominion’s initial strategy involved systematic geochemical sampling over the entire project area, comprising the collection of over 31,000 samples. This resulted in the definition of 15, often large, areas of gold anomalism. An unusual feature is that there are no well defined trends which would normally be defined by peak values. While this is indicative of the development of underlying gold mineralised systems, there is relatively poor definition of targets for follow up drilling.

The follow up strategy has been to undertake broad spaced RAB and air core ‘interface’ drilling over selected parts of the geochemical anomalies. This was designed to gain an understanding of the ‘regolith’ profile (i.e. the nature of the cover material between the surface and the underlying fresh bedrock), the geology of the bedrock and, hopefully, to demonstrate a link between the surface geochemical anomalism and regolith and/or bedrock gold mineralisation.

Ten areas of gold geochemical anomalism have been evaluated by interface drilling with significant gold values, (+ 100 ppb gold), being returned at six of these areas. This level of gold anomalism is seen as significant and is comparable to values returned from the early interface drilling at Tropicana.

However, in many areas, the anomalous gold values are developed within a complex regolith profile, with variable thicknesses of both transported cover and deeply weathered ‘in situ’ material.  Again this makes the targeting of follow up drilling more difficult.

The initial target is to trace the gold values back to their source and that will be the focus of future exploration.

For the latest information on this project, please refer to the Investor Centre on this website or click on the following links; ASX Announcements, Quarterly Reports and Annual Reports.