Western Australia – Monument Gold Project
The Monument Project in Western Australia is located in a well-established mining district which hosts excellent infrastructure and access including the sealed Leonora-to-Laverton road which runs directly through the Project, a gas pipeline and a sealed airstrip at Laverton.
Si6’s 100%-owned MGP currently contains a 3.3Mt @ 1.4g/t Au for 154koz gold resource along banded iron formations (BIF) at both Korong and Waihi deposits. Drilling for Si6’s current 154koz gold resource was completed in 2021 with the resource calculated by CSA Global and announced mid-2021 (see ASX release on 2 August 2021). MGP contains multiple target styles of gold mineralisation including BIFs and basalt-hosted, however, significant potential for large-tonnage deposits exists in the intrusion hosted targets which has been the focus since the BIF resource drilling.
Si6 is currently focused on prospects where geochemical analysis provides indications of the existence of fractionated, felsic intrusives belonging to the sanukitoid suite of evolved intrusive rocks. Such prospects are significant when taking into consideration the similarities with other gold-bearing sanukitoid intrusions such as Hemi (~11Moz) or Tropicana (~5Moz), as well as other nearby bulk tonnage, multi-million-ounce projects such as the Wallaby (~7Moz) and Jupiter (~1.5Moz) projects.
The MGP lies directly adjacent to and along strike of Dacian Gold Ltd’s (Dacian, ASX:DCN) ~2Moz Au Mt Morgan’s Project. Dacian was recently under takeover offer from Genesis Minerals Ltd (Genesis, ASX:GMD) with Genesis now owning circa 80% of Dacian. In December 2022, Genesis and St Barbara Ltd (St Barbara, ASX:SBM) announced a merger as Genesis continues to seek consolidation of areas in close proximity to Si6’s project.
Location of Si6’s 100%-owned gold project in Western Australia