Wattagee Gold Project
The Wattagee area is located in the Murchison Province of the Yilgarn Craton 30 km north of the town of Cue. The Company considers the geology of the project area to be prospective for gold and base metal deposits such as Big Bell and Cuddingwarra, and VMS style base metal deposits similar to Golden Grove. Up to 80% of the prospective stratigraphy within the project area is obscured by a regolith which has hindered previous explorers’ efforts. Enterprise is exploring these covered areas for gold and base metals with ground geophysical surveys (IP) and RAB and RC drilling.
Wattagee Project Geology and Prospects
In early 2010 the Company completed 10 RC drill holes on the Placer, Stockyard East/West and AM14 prospects. A further 5 RC holes were drilled at the Stockyard East prospect in June 2010. Three of these additional holes were drilled to the south and north along strike from historical hole NCRC006, where gold mineralization of 4m at 17.9g/t was intercepted, and two holes north and south along strike from STERC004 where 8m of gold mineralisation at 5.3g/t was intercepted in April.
Three of the five new drill holes (STERC007-009) intersected massive or semi-massive sulphides soon after passing into fresh rock. All sulphides were dominantly pyrite with lesser arsenopyrite. Whilst these follow up holes have intersected lower tenor gold mineralization, they have confirmed the general strike and dip of the mineralized zone. The two holes drilled around STERC004 both encountered sulphide rich intervals. These correspond to a subdued IP anomaly. A similar, but larger more intense series of IP zones lie to the west and this possibly indicates other areas of disseminated arsenopyrite rich mineralisation. Further RC drill testing of the Stockyard East prospect is being planned.
