MULLINE

The Mulline Project covers an area of approximately 20 square kilometres located 30 km north of the Davyhurst Processing Plant.

GEOLOGY & MINERALISATION

Gold mineralisation is associated with quartz and sulphide veins that occur within shear zones associated within basalt and dolerite units. Mineralisation also occurs associated with porphyry units that have intruded the mafic sequence.

 

RESOURCES & RESERVES

The last JORC (2004) resource estimate for the project was compiled in 2008 based on past ASX releases and reports. The estimated was released in the Swan Gold Mining Limited 2013 prospectus released 13th February 2013  (Table 1).

Swan is currently in the process of validating and reinterpreting the geological models and supporting QAQC data and will be issuing revised resource statement in the coming months.

DepositMeasuredIndicatedInferred

Total

 (‘000t)g/t Au(‘000t)g/t Au(000t)g/t Au(‘000t)g/t Au(‘000 Oz) 
Lady Gladys  1,8581.91902.42,0481.9128


HISTORICAL PRODUCTION

ProjectProduction Period
 Pre 19501950-19801980-20002000-2008
 (oz Au)(oz Au)(oz Au)(oz Au)
Mulline 5,000  51,634193,323


Table 2
– Riverina Project Production History


The area has significant number of historical old workings including Lady Gladys, Young Australia, Peachtree and Mulline.

The Lady Gladys open cut had a cumulative production of approximately 2 Mt at 2.47 g/t Au making it one of the larger producers in the district.


TARGETS

The company has developed a number of targets within the project for further testing.

 Peach Tree/ Young Australia:
This prospect has numerous sets of shallow historical old workings which the company is looking at potentially bulking up to create an open cut deposit.