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.