The range of work under the sub-contract includes prospecting, exploration and mining of alluvial and
lode gold on an exclusive basis over the mining area.
Ravensgate considers the Snake Hill Prospect to be worthy of further exploration for structurally controlled orogenic
lode gold deposits, utilising geological models established by recent work undertaken by NMI.
This site contains placer deposits of gold, easier to mine than the more common
lode gold.
The crystalline rock formations in the area have thin quartz veins approximately 6-15 inches wide that are producing placer and
lode gold.
M2 EQUITYBITES-May 6, 2014-Verde Resources' drilling programme yielded excellent high grade
lode gold potential in Pahang, Malaysia
Rubianna Resources has announced it has won a A$125,000 jointly funded grant to drill quartz vein
lode gold targets at its Ruby Well tenement.
Structurally controlled mesothermal
lode gold is hosted in silicified zones spatially related to quartz veins in a sheared dioritic-gabbroic intrusion and is associated with sulphides.
