At KLG’s Fosterville Mine, it appears that with increasing depth, temperature and pressure conditions at the time of gold deposition became more ideal for the formation of very-high-grade mineralisation. Fluid inclusion studies indicate that the gold mineralisation at Fosterville formed as deep as 5.7 km and at temperatures up to 385°C. 3) The gold mineralisation at Nagambie Resources’ 100% owned Nagambie Mine was formed at the same geological time (around 377 million years ago) as at Fosterville and has the same characteristics at surface: low-grade, antimony-arsenic-associated, finely-disseminated-gold-in-sediments (silicified sandstones and siltstones). The Wandean gold mineralisation is the same.
Who knows what's under there!
KLA Price at posting:
$22.00 Sentiment: Buy Disclosure: Not Held