Bakers Find Pit and Franks Find Shaft Workings
- Bakers Find represents a shear zone hosted gold zone that was mined by open cut in 1995 - 1997. The pit was reopened and cleaned out of fill in 2010. This exposed the original mineralised shear zone with visible gold exposed in the pit floor and northeast face.
- Franks Find is located 300-500m east and considered to be related to the same shear zone. The properties were held by different parties and thus no historical exploration has been done between the tenements.
- Limited historic drilling showed an intersection below the pit at Bakers Find being 2m @ 38.48 g/t Au and below the shaft workings at Franks Find being 3m @ 27.9 g/t Au, 2m @ 50.2 g/t Au and 2m @ 30.0 g/t Au). All intersections were 30-40m below surface.
- MRP has completed its first drilling programme at Bakers Find open cut gold mine located 1.5 km south of the MacPhersons Reward mine site. Sixteen diamond drillholes were completed over four mine cross-sections. Preliminary results have been received from ten holes so far, with five holes showing gold mineralisation spread over 4 separate shear zones. Diamond drilling has extended the gold zone to more than 40m below the existing open pit. Interpretation is underway in this zone and some intercepts are oblique to the shears. There were several occurrences of the potentially gold bearing host rocks identified both below the Bakers Find pit, but also deeper into the footwall strata.
- Drilling at Franks Find which is located 400m East of Bakers Find. Initial intersections are geologically similar to that observed in the Bakers Find discovery zone. Work is ongoing.