Myrtleford Property

About the property

The Myrtleford Project is a granted exploration license located  in northeastern Victoria, approximately 290 km northeast of the state capital of Melbourne and approximately 40 km south of the Victoria – New South Wales border cities of Albury-Wodonga. The license consists of a single contiguous parcel covering 418km².

The Exploration License lies within a northwest-trending belt of alluvial and hard rock gold mines that collectively produced 6.3 Moz* in the past, mostly from alluvial mining, but also from hard rock production.

Myrtleford represents the consolidation of an entire historic gold camp with over 70 past producing gold mines on the property, where the bulk of historic mining stopped at the water table.

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Permit hosts over 70 past producing
high grade artisanal underground gold mines with grades often greater than 31 g/t Au*

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Large alluvial district with
historic production of >5Moz* 

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Vast majority of historic mining and
exploration terminated at the water-table due to a lack of capital*

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Unique proposition – district scale consolidation of historic gold mining camp which hasn’t seen holistic, modern exploration approach

*Myrtleford Technical Report, effective October 26, 2020

Myrtleford at a Glance

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Over 70 historical gold mines on the property. Host rocks are of similar age and type as those of the Bendigo Zone in central Victoria that host the Bendigo, Ballarat and Fosterville gold deposits.

LOCATION

290km north east of Melbourne
and
40km south of Albury-Wodonga

SIZE

Single contiguous parcel covering 418km²

ACCESS

Multiple paved and gravel roads

OWNERSHIP

100%

NSR

1% NSR, with option to buy back 0.5% for C$3.3M

Map of Myrtleford Property
Map of Myrtleford Trends & Target Areas

Gold Camp Consolidation

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License consolidates a strategic land package and encapsulates the majority of the prospective mineralized structural trends and areas with hard rock production potential

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Majority of historical hard rock mining activities were limited to the depth of water table – historical production consisted of artisanal small mining claims

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Numerous trends defined by historical mining activities – these trends have not been tested with modern mineral exploration methods

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Large structural trends, hosting high grade historical mines, not systematically explored to date – unique opportunity in a tier-1 jurisdiction

Cross Section at Happy Valley Target

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Historical cross section showing the Old Happy Valley, New Happy Valley, Christmas and the Porepunkah reefs

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Shallow historical drilling demonstrated continuity of grade at depth

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The setting of four high-grade reefs, in close proximity to each other, is a compelling drill target 

Documents

Myrtleford Technical Report (NI 43-101)

October 25, 2020

View all company filings for Serra Energy Metals (formerly E79 Resources) at SedarPlus.com