Mongolata Project

(EL 3164, EL 3716)

Covering approximately 66km2, the Mongolata Project (Western Portion of EL 3164) is approximately 15km northeast of Burra. The Mongolata Project hosts the main part of the Mongolata goldfield which also extends north into the eastern portion of the North Burra Tenement, EL 3716.

The Mongolata goldfield lies within a structurally arcuate portion of the Adelaide Geosyncline called the Nackara Arc which is host to the majority of South Australia’s largest reef and alluvial gold fields. Hosting not only the Mongolata goldfields but also the Waukaringa and Wadnaminga goldfields the Nackara Ark is reported to have produced 6,344kg of gold.

Records of mining suggest that the gold content of the Mongolata area is extremely nuggety, with reports of specimen pieces of gold within quartz veins weighing up to 6kg. The goldfield was worked for 24 years until the Government battery was closed in 1954. This closure is reported to have been for political and state reasons, not due to exhaustion of the gold reserves in the area. Small scale mining by syndicates and prospectors has continued to the present time.

Phoenix Copper believes there are excellent opportunities within the Mongolata Project. A high priority will be to evaluate the potential for small gold deposits which can be mined quickly to provide short-term cash flow.