Ophir Project

Geologic Setting

The Ophir Project is a 640 ha exploration tenement wholly owned by Ophir Gold Ltd, and is located in the heart of Central Otago reef gold country, two hours drive northwest of Dunedin. Numerous highly prospective mineralised reefs, as well as near-surface gold bearing gravels, contribute to the excellent potential of the project area. The tenement is situated 70 km North West from the world-class Macraes Gold Deposit, which has produced around 2M oz (62 ton) of bullion gold since 1990. The Ophir Project is located in the centre of a highly prospective belt of high grade Otago Schist rocks, which hosts significant reef gold occurrences in the Province.

The Ophir Gold Project was historically mined during the "gold-rush" days in Otago, producing an estimated 1,200 oz from 13,000 tonnes of ore. Problems with processing the ore led to much of the gold being left untouched. Numerous highly prospective mineralised reefs, as well as near-surface gold bearing gravels, contribute to the excellent potential of the tenement. Today, advances in exploration, ore processing and extraction techniques, along with strong primary metallurgic prices worldwide, have made the Ophir Gold Project a very attractive exploration target.

Prospect Areas

Ophir Gold has completed initial exploration which has involved expenditure of more than NZ$ 500,000 and has successfully identified a total strike length of more than 4 km of regionally significant gold mineralised structures across the tenement, comprising 9 auriferous prospect areas. These prospect areas represent highly attractive targets, with established prospectivity indicated by strong assay results from sampling and significant intersections from preliminary drilling. Gold mineralisation in all prospect areas remains open both along strike and with depth.

Click to enlarge   Map of tenement.
Click to enlarge.

Wai-iti Prospect

The Wai-iti Prospect is the first of the Ophir project areas to be drilled. Results have been highly encouraging with significant gold intersected in multiple holes. Further drilling is planned at Wai-iti to further expand the known gold resource.

Drilling at Wai-iti Prospect 2006
Diamond drill core - Wai-iti Prospect 2006

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