YANDERA PROJECT
District Exploration
Marengo's project area is highly prospective for further base and precious metal discoveries and recent district exploration has further supported this with the new copper discovery at Kombruku and previous rock-chip sampling from the Queen Bee area, where results of up to 9.89% copper, 9.75% zinc, 0.883% molybdenum and 19.1 g/t gold have been obtained.
Yandera Project - Prospects
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With some 1,900km2 under exploration licence at Yandera, Marengo has excellent potential to make further discoveries, to further enhance the value of the Yandera Project.
A recent helicopter mounted magnetic and radiometric survey was completed over a significant portion of the project area. This program was flown on 100 metre line spacing, at an approximate flying height of 60-80 metres. This key data is now undergoing processing and interpretation and will prove very effective in the regional exploration program for the current year onwards.
Regional Gold
There is some small scale alluvial gold mining carried out by local villagers in the Yandera region.
In addition, regional exploration of the Yandera Project area by previous operators has demonstrated extensive gold anomalism throughout the project area.
Exploration by Marengo has encountered gold values of up to 5 g/t Au from stream sediment sampling at the Yomi Prospect, some 20 km north west of the Yandera Central Porphyry.
The main target is Kainantu-style high grade epithermal quartz-gold veins (>1Mt at 30g/t Au). The geological setting of the exploration licence is favourable with major fracture systems developed peripheral to the numerous late-stage intrusive rocks.