Gilded Rose Gold Project

Gilded Rose Gold Project

The Gilded Rose Project is located 15 km east-southeast of Cloncurry and has a history of mining dating back to 1882. There are four granted mining leases (66.41 ha), including mining leases ML2709, ML2713, ML2718, & ML2719, owned by Spinifex.

The Gilded Rose group of workings have produced approximately 280 kg of gold, most of which came from the oxidised zone. Potential for mineralisation is present in repeat structures and associated with the 1.5 km long system that hosts the Gilded Rose group of workings. Ausmex plans to step out and re-focus drilling on cross faults to 200m targeting Au-Cu mineralisation.

CIL Gold Plant with crushing and milling circuits at Gilded Rose
The Gilded Rose gold process plant (on care and maintenance) will be assessed for plant upgrade and metallurgical assessment to determine an optimum flow sheet for economic recovery. Technical studies will be completed by management to determine the most cost effective means of extraction of identified minerals. The Gilded Rose gold process plant and infrastructure includes an 8 tph high grade CIL Gold Plant with crushing and milling circuits, Zadra electrowinning circuit and Goldroom, Tailings Dam and 400 KVA powerhouse. Project work will include drilling, mine engineering and metallurgical evaluation to determine the compatibility of the different ores for treatment accordingly.