The Olympus Gold Project is centred on a district-scale, structurally controlled gold system within the Warwick Goldfields, defined by multiple historical workings, anticline structures, and coherent geophysical features. Exploration across the project has identified six priority gold corridors, each associated with fold geometry, quartz reef development, and pathfinder geochemistry, indicating a repeatable system rather than isolated occurrences.
At Mountain Maid, the flagship target, mineralisation is defined by the coincidence of historical mine extent, fold hinge position, and a large continuous magnetic feature interpreted as a sulphidic core. Surface work confirms free gold in quartz, with rock-chip samples returning grades up to 2,880 g/t Au, demonstrating the presence of high-grade mineralisation within the system.
In addition, extensive areas of unsourced alluvial gold occur across the project, with coarse nuggets reported at surface, including specimens up to approximately 3 oz. These occurrences indicate active erosion of primary gold sources within the system and support the interpretation of a broader mineralised framework.
Despite this, historical mining focused on shallow zones, and the primary sulphidic structures beneath these workings remain untested by modern drilling. The current program is designed to test these deeper positions directly. If drilling confirms continuity along the fold-controlled structures at depth, it would support the interpretation of a larger, coherent gold system with multiple repeatable targets across the project area.
Tenure: 454 km² across two contiguous granted EPMs
Commodity: Au with As–Sb–Bi pathfinders
Setting: Turbidite-hosted orogenic gold system
Key Area: Mountain Maid (flagship target)
Structure: Anticline-controlled gold corridors within the Warwick Goldfields
Olympus represents a district-scale gold system defined by multiple historical workings, structural corridors, and geophysical continuity.
The project is not reliant on a single target. Six priority corridors have been identified across the tenure, each supported by historical mining, structure, and geophysical data, indicating repeatable mineralisation within a coherent system.
Mineralisation is interpreted to occur within a turbidite-hosted orogenic system, structurally controlled by anticlines and associated shear zones.
Gold is associated with:
Fold hinge positions
Quartz reef systems
Sulphidic zones within a broader structural framework
The working thesis is:
High-grade mineralisation is controlled by fold geometry and structural position
Historical mining focused on shallow, accessible zones
Primary sulphidic systems beneath these workings remain untested
Anticline structures provide repeatable targeting positions across the district
Historical Mining and Sampling
Extensive historical workings across multiple corridors
Rock-chip sampling confirms free gold in quartz
Grades reported up to 2,880 g/t Au
Geological and Structural Data
Mineralisation aligned with anticline hinge zones
Structural mapping confirms geometry consistent with large orogenic systems
Fold-controlled mineralisation observed at multiple locations
Geophysics
High-resolution magnetics define a large, continuous subsurface feature
Interpreted as a sulphidic mineralised core beneath shallow workings
Magnetic response aligns with key structural positions
Target Definition
Mountain Maid identified as the primary target
Defined by coincidence of:
Historical mine extent
Fold hinge position
Coherent magnetic anomaly
Continuity of mineralisation beneath historical workings
Scale and geometry of the interpreted sulphidic core
Relationship between surface high-grade zones and deeper system
Repeatability of the model across other anticline targets
Phase 1 Objective
Test depth continuity of mineralisation beneath Mountain Maid.
Drill Strategy
RC drilling targeting down-dip extensions below historical stoping
Focus on fold hinge positions and magnetic anomalies
First modern drill test of the primary system
Targets located within granted tenure
Drilling positioned within existing disturbance footprint
Excellent access via established road network
Nearby regional centres support logistics and operations
Success is defined as:
Demonstration of mineralisation continuity at depth
Confirmation of sulphidic system beneath historical workings
Alignment of drilling results with structural and geophysical model
If achieved:
Expansion of drilling along the Mountain Maid structure
Application of the model across six defined corridors
Transition to district-scale targeting
Six priority corridors defined across the tenure
System architecture supports multiple mineralised positions
Geological and structural setting comparable to the Gympie Goldfield
Demonstrating continuity at Mountain Maid would materially de-risk identical targets across the project.
Exploration is at an early stage
No mineral resources have been defined
Historical grades may not represent modern economic averages
The key risk remains whether mineralisation achieves sufficient scale and continuity