Over 2000m Drilled at Chillagoe as Green & Gold Targets Resource Growth
Green & Gold Minerals has initiated a dual-rig drilling campaign at its Chillagoe Gold Project, aiming to grow its existing resource base and define a maiden resource at Little Wandoo. Initial assay results are anticipated within four weeks.
- Two drill rigs active at Wandoo targeting resource expansion and maiden resource
- Over 2000 metres of drilling completed with assays expected soon
- Existing JORC Inferred Resource of 32,430oz gold and 387,520oz silver at Mt Wandoo
- Native title negotiations ongoing for mining lease renewal
- Further drilling planned at regional prospects Dingo and Sentinel
Drilling Campaign Underway
Green & Gold Minerals Limited (ASX – GG1) has commenced an active drilling program at its Chillagoe Gold Project in North Queensland, signalling a significant step forward in advancing the project’s development. Two rigs are currently operating within the Wandoo mining leases – a reverse circulation (RC) rig focused on Little Wandoo and a diamond rig extending previous drill holes at Mt Wandoo.
The RC rig at Little Wandoo is tasked with defining a maiden resource in an area with historical mining activity, while the diamond rig at Mt Wandoo is deepening and extending holes that previously ended in mineralisation or fell short of interpreted mineralised structures. Over 2000 metres of drilling has already been completed, with first assay results expected within the next four weeks.
Resource Growth and Geological Insights
The Mt Wandoo area hosts an existing JORC Inferred Resource estimated at 905,000 tonnes grading 1.11 grams per tonne gold and 13 grams per tonne silver, equating to approximately 32,430 ounces of gold and 387,520 ounces of silver. The current drilling aims to increase confidence in this resource, expand its boundaries, and improve geological understanding of the deposit’s complex mineralisation.
Visual observations from the diamond tails have confirmed the presence of sulphide stringer veins and blebs within typical alteration zones, consistent with the resource model’s predictions. However, the company cautions that visual indicators are not substitutes for assay results, which remain the definitive measure of gold content.
Strategic Position and Future Prospects
Located just 25 kilometres northwest of Chillagoe, the project benefits from proximity to significant gold deposits such as Red Dome and Mungana, as well as granted mining leases and existing milling infrastructure. Managing Director Quentin Hill highlighted the region’s potential for a mining renaissance, supported by sustained high gold and silver prices.
Beyond Wandoo, Green & Gold Minerals plans further drilling at regional prospects including Dingo and Sentinel, aiming to uncover new discoveries within the Mungana porphyry cluster. Meanwhile, the company is actively negotiating a native title agreement with the Wakaman People #5 to secure renewal of the ML20381 mining lease, a process that remains ongoing but is not expected to impede exploration activities.
Looking Ahead
As the drilling program progresses, the market will be watching closely for assay results that could validate and potentially expand the current resource base. These results will be pivotal in shaping subsequent mining studies and advancing the Chillagoe Gold Project towards production readiness.
Bottom Line?
The next four weeks will be critical as assay results arrive, potentially reshaping the Chillagoe project’s resource outlook and investment appeal.
Questions in the middle?
- Will assay results confirm significant resource expansion at Mt Wandoo and Little Wandoo?
- How will native title negotiations impact the timeline for mining lease renewal and project development?
- What potential do the Dingo and Sentinel prospects hold for new discoveries within the Chillagoe region?
