Hi Homer,
At the last ASX announcement that came with the raising you would read the following at the end:
A total of 142 historical drill holes have been recorded on the tenements, most of which were drilled
under and immediately along strike of the historical workings at the Waihi and Korong prospects.
Drilling rarely penetrated below the oxidized zone which in the area ranges from 20m to 80m. The
last recorded drill hole was completed in 2003.
Exploration on the adjoining tenements by Dacian has highlighted the importance of the confluence
of the Ninnis Fault Zones with the BIF/Ultramafic unit, which hosts the Westralia and Morgans North
deposits in localizing high‐grade gold mineralisation. The Korong and Waihi mineralisation further
north displays similar quartz veining and sulphide alteration at contacts between the BIF/porphyry
and ultramafic unit as seen at Westralia (see Figure 2).
Syndicated believes this horizon is highly prospective for gold discoveries, and intends to
concentrate initially on the main 16km long Korong‐Waihi trend as a focus for near‐term exploration
activities. For further information in relation to the Monument Gold Project please refer to the
Company’s ASX Announcement released on 27 July 2016.
