MOUNT PADBURY PROJECT | OROGENIC GOLD
An emerging gold district opportunity
Dominant tenure over the Mount Padbury that hosts a granite-over-greenstone structural setting comparable to the geological setting at Plutonic.
- 765 km² tenure package located ~80 km northwest of Meekatharra, within the northern Murchison Goldfield,
- Primary target: orogenic gold from a concealed extension of the Mt Maitland Greenstone Belt, buried beneath granite and shallow cover.
- High-resolution ground gravity survey and 3D modelling have defined three priority targets, Oddjob, Goldfinger and Golden Eye.
- Genuine greenfields opportunity, with drilling plans now locked in to systematically test the concept within Parbo's tenure for the first time
OVERVIEW | MURCHISON MINERAL FIELD | WESTERN AUSTRALIA
Targeting an extension of known Greenstone Belt
Mount Padbury is Parbo’s principal gold-focused exploration asset, covering 765 km² (408 km² granted, a further 357 km² under application) in the northern Murchison region of Western Australia. Exposed bedrock across the project is dominated by granites of the Walganna Suite, which are interpreted to overlie and mask an older, concealed greenstone sequence. That granite-over-greenstone structural setting is directly comparable to the Plutonic Gold Mine, where significant mineralisation occurs beneath granite cover.
Recent exploration has sharpened the targeting picture considerably. A high-resolution ground gravity survey completed by Parbo over the most prospective part of the project has defined a series of dense, concealed bodies extending from the known Mt Maitland trend into our tenure. Follow-up 3D modelling has resolved three compelling deep targets, Oddjob, Goldfinger and Golden Eye, interpreted as buried greenstone or structurally controlled bodies that existing drilling has never reached. A drilling plan is now in place to test all three. With WA Government co-funding secured, Parbo is set to be the first explorer to properly drill-test the concept.
There has been no meaningful historical drilling within the project’s tenure – the system is largely concealed beneath granite and shallow transported cover, which has limited the effectiveness of conventional exploration methods to date.
The Opportunity
- Sitting on a crustal-scale intersection. Mount Padbury straddles two major structural corridors, the Big Bell-Fortnum trend and the Trident West-Plutonic-Peak Hill trend, a structural setting analogous to some of the northern Yilgarn's largest, multi-million-ounce gold camps. To put the scale in context, the Plutonic Gold Mine, the greenstone system we believe extends into our tenure, has produced more than 5.5 million ounces of gold since 1990 and remains in production today.
- A proven regional analogue, right next door. Historical 2007 drilling just off our tenure, within the known Mt Maitland Greenstone Belt, intercepted high-grade gold (including 10 m at 2.35 g/t Au from 9 m, with a zone of 3 m at 6.55 g/t Au), real evidence for the greenstone system we believe extends into our ground.
- Genuinely untested targets. Oddjob, Goldfinger and Golden Eye are all deep, gravity-defined bodies that existing drilling has never reached, a rare, clean first-mover opportunity in a mature mining jurisdiction, with a fully funded drilling plan already in place.
————— RECENT EXPLORATION
Gravity surveying has defined three priority targets
High-resolution ground gravity surveying completed by the Company has refined earlier regional interpretations and defined a series of dense, concealed bodies extending from the known Mt Maitland trend into the project area. Follow-up 3D modelling has delineated three compelling targets:
ODDJOB
Our most advanced target, a strong, deeply buried gravity anomaly sitting along a 5 km corridor interpreted to extend the Mt Maitland greenstone trend into our tenure. Oddjob will be tested first by an aircore drilling program, with a deep diamond hole (with RC pre-collar) funded through the WA Government’s EIS grant to test the anomaly directly at depth.
GOLDFINGER
A second priority gravity target along the same greenstone corridor as Oddjob, to be tested as part of the broader aircore program. Goldfinger is also one of the two EIS-funded diamond holes, giving it a direct, government-backed test of the concealed greenstone concept.
GOLDEN EYE
A deep, gravity-defined target interpreted as a possible extension of the Plutonic-hosted greenstone system. Golden Eye will be tested with a RC program, including one hole extended with a diamond tail. A successful result here would open up roughly 20 km of untested greenstone corridor across the project.
