Projects
Proj One
Garden Gully – Sabbath Project.
This Project covers seven tenements. Historic public data after 2002 recorded an Inferred
Resource of 145,000 tonnes at a grade of 2.52 g/t Au containing 11,750 ounces estimated in
accordance with the JORC code. Further exploitation was not continued due to the low price of
gold at the time rendering further expenditure uneconomical.
Drilling below the nominal 60m vertical depths has been advised to test possible mineralisation extensions. Exploration will concentrate along strike, under the alluvial cover and within the zone containing the old workings.
Recent comprehensive exploration programs being carried out in the area have led to a significant increase in intercepts of gold mineralisation. The nearby Paddy’s Flat underground and open pit mine (combined Indicated and Inferred Mineral Resources of 25.6 million tonnes at 1.48 g/t Au) includes eight separate deposits. (See the IGR in Section 4 of this Prospectus.)
It is expected that follow-up target drilling as proposed at Sabbath will result in additional resources being identified on this granted Mining Lease.
Mooloogool / Diamond Well Project
This Project consists of seven tenements which lie within a strong geophysical target zone with coincident gold and arsenic anomalies, described as the Fairway Magnetic Package (FMP) of the
Murchison Mineral Field. The Diamond Well Project area is situated along the southern contact
zone of the Yerrida Basin and the Glengarry Basin where it is thought that similar structures to
those of the faulted Proterozoic contact on the northern edge of the Yerrida Basin at Sandfire
Resources NL Doolgunna Project are found.
Current exploration activities at the nearby Doolgunna Project have produced excellent drilling results as reported by Sandfire Resources NL where large RC drill intercepts assayed metal values ranging from 2.9 to 5.3% Cu, 13.4 to 20.1 g/t Ag and 1.0 to 2.1% Zn as well as consistent high grade gold values. (Refer to Section 4 of this Prospectus for details)
Dourado is presented with an opportunity to be able to explore tenements within this exciting newly-discovered gold-copper belt.
Mainland Project
Project covers three tenements. Currently six separate gold exploration companies are testing
and drilling in this area. The important Comet – Webb’s Patch mine in the vicinity of Cue is
dominant and has substantial indicated and inferred gold resources. The tenement areas cover
Banded Iron Formation and greenstones with complex folding, shearing and quartz veining. The
area is known for alluvial gold and nugget prospecting as well as the location of several historic
shafts and mines in quartz-vein hosted gold and is considered to be highly prospective.
Lennonville Project
This Project covers two tenements and is located among successful gold projects that are either
continuing extension operations or exploration programs throughout the Mt Magnet area. The
region is dominated by the Hill 50 underground gold mine, which averages an annual production
of 147,000 ounces of gold. Harmony Gold Mining Co Ltd has stated reserves in excess of five
million ounces of gold. Exploration for fault and shear-hosted gold, similar in occurrence to that
of Mt Magnet, is expected to yield promising results on these tenements.
Prospectivity of the Western Australian Gold and Copper Projects The Company believes it has secured six highly prospective gold and copper projects from an exhaustive selection process that are concentrated in a historic gold producing region. The Company plans to subject them to comprehensive exploration programs, which will combine proven techniques with more advanced modern methods.
For a full appreciation of the metal production of the Murchison Mineral Field please refer to the IGR contained in Section 4 of this Prospectus. 2.5.5 Northern Territory Gold Project
North Arunta
Little historic exploration for gold or base metals has been completed on the North Arunta
tenements. However their prospectivity is considered excellent due to locations further east, north
and northwest where gold mineralisation is extensive with many successful gold mines currently
in production. The area selected by the Company is one of the most under-explored regions in the
Northern Territory and the definition of targets for gold and uranium will be part of the initial
exploration program.
For further details please refer to the Independent Geologist’s Report included in Section 4 of the Prospectus.
