SAXBY GOLD PROJECT (SER 100%, QUEENSLAND)
The Saxby gold project is the most significant gold exploration prospect in the northeast Mt Isa Province. SER is targeting gold mineralisation hosted in basement rocks of the Mt Isa Eastern Succession buried beneath younger sedimentary cover.
Historical drilling intersected high-grade mineralisation: 17m @ 6.75g/t Au (including 9m @ 11.27g/t Au) and 15m @ 9.09 g/t Au (including 8m @ 15.1g/t Au) in two holes 190m apart.
SER’s first drill hole at Saxby intersected high-grade gold mineralisation: 6m @ 12g/t Au (including 2m @ 32g/t Au).