Projects in Australia

Commissioners Gold is earning 70% interest in the Oberon project which hosts widespread Au, Ag, Pb, Zn mineralisation centred around the old Black Bullock Mine. Three large IP anomalies form the core prospect, initially targeted in RC drilling in 2010. A 17km long belt of highly mineralised ground centred on the historically significant Cowarra Mine, which produced approximately 84,000oz of gold. Commissioners Gold currently holds 50%, earning 85%, following a first drilling program in late 2011. This wholly owned project focusses on high grade gold mineralisation focused along 6km of a major structural trend which hosts a number of historic gold mines. Commissioners completed an RC drilling program in early 2012.

Projects in Peru

Since July 2012, Commissioners Gold and a local partner have been investigating resource projects across Peru with the aim of securing quality projects with a focus on gold, silver and copper deposits. Commissioners Gold holds 25% interest in a gold treatment plant in southern Peru. The plant will initially process gold laden tailings from Santa Rosa, followed by higher grade gold ore from satellite mining projects in the area. Visible gold in high grade gold (and copper) sheeted vein mineral system in southern Peru. This Peru JV follow on project is aimed at delivering high gold grade ore to the Goldsmith treatment plant.

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Projects Overview

Commissioners Gold (CGU) is a junior gold explorer focussed on evaluating the economic resource potential of selected developed deposits, known prospects and greenfields areas.

CGU holds, both directly and as JV manager, a portfolio of exploration tenements in the eastern Lachlan Fold Belt of New South Wales, Australia, which are prospective for economic gold and base metal deposits. The tenements have been acquired on the basis of their good resource exploration potential.

Current exploration projects are in and around historical gold mining fields and overly prospective geology. Excellent gold grades have been reported by limited previous work and recent exploration by CGU.

Principal exploration target types include:

Intrusion Related Gold (IRG) systems, including related breccia, skarn and vein deposits. Examples include Tooloom (NSW), Fort Knox (Alaska) & Kidston (WA).
High-grade, narrow-vein orogenic gold systems, including saddle reefs. Examples include McPhillamys & Hill End (NSW), Ballarat & Bendigo (VIC).
Disseminated structurally controlled orogenic gold-pyrite mineralization, similar to the giant Sukhoi Log deposit (Siberia).
Epithermal style gold-base metal systems. Examples include Peak Hill & Gidginbung (NSW).
Gold porphyry systems including related skarn deposits. Examples include Cadia/Ridgeway & Northparkes (NSW).

Modern exploration for orogenic and IRG deposits in the Lachlan Fold Belt has been limited until quite recently, with prior focus largely on the world-class Au-Cu porphyry potential of the region. CGU sees the recent discovery of a number of deposits, including Tomingley, McPhillamys & Dargues Reef among others, as highlighting the excellent potential for orogenic and IRG deposits in the eastern Lachlan Fold Belt. In addition to its good resource potential, the eastern Lachlan Fold Belt is well serviced by existing infrastructure and world-class mining expertise.