Javelin announced in mid-November that it had identified at least 12 promising and untested structural and geochemical gold targets during re-processing of aeromagnetic data from the Eureka ground that warrant immediate follow-up drilling.

The company also noted past drilling had reported massive gold results including 4m going 134g/t gold, 3m at 48.75g/t and 4m at 32g/t gold. However, there had been no follow-up drilling.

Javelin would have likely seen Eureka’s nearology as another bonus when it was running the rule over its potential acquisition. Eureka is only 22km north/northwest of and in the same greenstone sequence as Zijin Mining’s renowned 3-million ounce Paddington gold mine. Eureka is also just 14km north of the historic mining area of Broad Arrow and 1.4 km west of the 530,000-ounce Zoroastrian gold deposit at Bardoc.

Eureka was last mined in the early 1990s and was subject to tribute mining in 2018. The deposit exhibits strong potential for significant northward and depth extensions of gold mineralisation that Javelin plans to test in a drilling program it has slated early next year.

The Eureka acquisition handsomely complements Javelin’s 126,685-ounce Coogee gold project at the northeast end of Lake Lefroy, near Kambalda in WA, where the company is now running its maiden drilling campaign.

Coogee was last mined as an open pit to about 70m depth by Ramelius Resources in 2013, yielding a reported 147,400 tonnes gold averaging 4.7g/t gold for a recovered 20,400 ounces

Javelin recently extended the first phase of its combined reverse circulation and diamond drilling assault on Coogee by a further 30 per cent to more than 3000m. It will now test several strong gold copper targets close to the original Coogee deposit.

The overall program initially seeks to confirm potential extensions of the known gold-copper mineralisation below the level of the current shallow open pit. It will then look to extend mineralisation north and northwest from the old Coogee deposit to explore up to five more compelling and largely untested geophysical targets.

With a combined total of about 239,000 ounces of gold in its inventory for Coogee and Eureka and remarkably similar areas of extension and depth potential in northward extensions and beyond at both of its old open pits, Javelin appears to have plenty to keep it occupied in the near future.

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