ASX MCT: 0.002

Yundamindra Gold Project

The Yundamindra Gold Project is located 65 kms south east of Leonora and 65 kms east of Kookynie.

The Yundamindra Project consists of nine granted mining leases, which the Company will hold the rights to explore. Nex is well advanced in dealing with the plaints affecting these tenements and the Company looks forward to commencing exploration on this Project.

The project hosts significant historical production of 74kt @ 19.3 g/t Au for 45,000 ounces. Significant intercepts from the Prospects within the Project include:

  • Bound to Rise – 2m @ 7.21 g/t Au from 30 m in HC007
  • Pennyweight Point – 8m @ 56.36 g/t Au from 44 m in PV095
  • Golden Treasure North – 1m @ 48.1 g/t Au from 12 m in TDN18
  • Queen of the May – 2m @ 39.49 g/t Au from 31 m in QMN5, &
  • Landed at Last – 2m @ 23.29 g/t Au from 30 m in LN11

Similar to the Kookynie Project, the Yundamindra Project has only experienced shallow drilling and offers an opportunity for MCT to confirm and extend the known mineralisation occurrences within this area. The company has identified immediate drill targets at Penny Weight Point, Washington, Polish Queen and Maori Queen prospects. Field work has identified the presence of inverted paleochannels obscuring mineralised trends at the Yundamindra West line of lode.