VANCOUVER, BC, May 3, 2021 /CNW/ – Outback Goldfields Corp.
“Over the last few months, we have assembled a top-notch exploration team on the ground, established a Ballarat-based site office and are now efficiently exploring.
The first target area being tested is an approximately 400 metre north-south trending corridor of prospective geology between- and along strike- from the historic Glenfine South mine and the southern Reef 2 prospects .
On the west side of the fault the property is underlain by a 20 km long by ~1 km wide, north-trending, Cambrian aged basalt dome termed the Glenfine Dome where widely spaced historic drilling along its eastern and western margins have outlined numerous occurrences of gold mineralization hosted near the basalt and meta-sediment contact.
Historic mining records indicate the Golden Jacket mine produced quartz-rich ore with grades of up to 250 grams per tonne gold ; however, the vertical and lateral extent of mineralization has yet to be tested by drilling.
Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data.
is a well financed exploration mining company holding a package of four highly prospective gold projects located proximate and adjacent to the Fosterville Gold Mine in Victoria, Australia.
Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release.