Far Northern strikes high-grade gold near Darwin in shallow hole
Far Northern Resources found high-grade gold just 16 metres below surface at Bridge Creek, 125km south-southeast of Darwin.
Far Northern Resources hit a shallow bonanza gold zone while drilling a test hole for geotechnical reasons at its Bridge Creek project in the Northern Territory. One diamond hole punched through 4 metres grading 110.06 grams per tonne gold starting just 16 metres down, with a single metre reaching 425.2 grams per tonne.
The company says this is the best intercept drilled at Bridge Creek to date. Above the main zone, the same hole tagged another 2 metres grading 14.14 grams per tonne from 11 metres, then further mineralised runs deeper down.
A second hole showed the scale of the deposit by drilling a massive 60-metre length grading 2.0 grams per tonne, the longest continuous gold intercept ever recorded at the site. The shallow location of the discovery makes it cheaper and faster to mine if the project advances.
- 425.2 grams per tonne
- Top grade
- 16 metres
- Depth
- 125 kilometres south-southeast
- Distance from Darwin
- 4 metres
- Best intercept length
Why it mattersHigh-grade gold discoveries near the surface can unlock significant value for junior miners and potentially become economically viable mines.
AustraliaThe find strengthens Australia's Northern Territory as a gold region and could lead to new jobs and economic investment in the Top End.
