Red 5’s 100%-owned Ockerburry Hill exploration licence (EL36/865) is located 20km west of Darlot.
The tenement covers a highly prospective part of the Yandal Greenstone Belt, and includes the Ockerburry Fault System and other interpreted mineralised structures.
Encouraging historical drilling results have been returned from two key exploration targets – the Dingo Ridge Prospect (previously drilled by WMC, Goldfields and Aragon Resources) and the Spargos Prospect (previously drilled by Homestake).
In addition, Red 5 believes the tenement includes potential stratigraphic extensions to the sequences hosting Saracen Mineral Holdings’ Thunderbox gold deposit as well as CopperChem’s Teutonic Bore, Jaguar and Bentley zinc-copper-silver-gold deposits further to the south.
Ockerburry Hill forms part of Red 5’s developing pipeline of exploration targets in the region surrounding the Darlot Gold Mine, with any new discoveries in the region offering the potential to supplement ore feed to the Darlot Mill and extend mine life.