EPM 25896 Partial Relinquishment Report Ending 27 January 2020

URL: https://geoscience.data.qld.gov.au/dataset/cr122068

The Kabunga Project, located 45km west of Gympie, was granted to Dynasty Gold, a wholly owned subsidiary of Traprock Resources. The EPM area is considered prospective for porphyry style Au-Cu mineralisation and several historic gold and copper prospects occur within the tenement. The prospect metallogenic style of mineralisation suggests Au-Cu Porphyry related system with Au, Ag, Cu and elevated Bi and magnetite association. The most easterly indicators of gold mineralisation within the Kabunga area consist of a tensional quartz veins. The workings (adits and shafts) extend N/E for a strike length of 1km and mineralisation is developed in quartz veins along the eastern margin of a porphyry diorite dyke, with a magnetite lode on its western margin, and in subsidiary structures intersecting with the main dyke. Historical reports indicate gold is coarse. The drainage system is known for its’ small nuggets and alluvial gold. At least 10 shafts and adits dot the hillside and historic reports indicate the presence of coarse gold flakes in loam and small quartz stringer veins on the hilltop.