Woolgni Gold
The Edith River Uranium Project leases contain three gold prospects and are potentially prospective elsewhere for other gold occurrences. The tenements are situated near the southern extent of the Pine Creek Geosyncline, in the vicinity of the Pine Creek Shear which is thought to influence the distribution of gold mineralisation in the area. The historical Woolgni Goldfield is within the project area, along with two other nearby prospects, Tower and Copperfield South.
The gold mineralisation mined in the old Woolgni workings has not been closed off down dip and the limits and orientations of known high-grade shoots have not been tested. Drilling from the 1980s intersected multiple zones of mineralisation, not all of which were associated with quartz veining.
At the Tower Prospect a gold anomalous zone of gossanous metasediments adjacent to the Pine Creek Shear Zone has never been drill tested.
The Copperfield South Prospect contains low-grade gold mineralisation within an anticlinal formation, parts of which are interpreted to extend beneath recent alluvial cover, so potential exists for the discovery of further gold mineralisation at the prospect.