Proactiveinvestors Australia

Current Operations:

Hill End Gold Limited is a gold exploration and development company with the goal of becoming a mid-tier gold producer based on its projects at Hill End and Hargraves, and through the acquisition of high potential projects.

KEY INVESTMENT HIGHLIGHTS
- Large tenement holdings in a proven yet underexplored gold region
- Focused strategy towards medium-term development and profitable production
- Sizable and expanding JORC resource base
- Advanced understanding of gold mineralisation controls
- Experienced and proven Board and management team

The Company’s Hill End and Hargraves gold projects are located in the historically gold-rich region of the Lachlan Fold Belt in central New South Wales, Australia.

Gold resources outlined on these projects currently total 4mt at 5.4g/t containing 557,000 oz.

The Company’s development strategy for the Hill End and Hargraves Projects is to commence profitable gold production in the near term, while continuing to increase the resource inventory to one million oz. The targeted resource potential for the combined project tenements is 4–5 million oz.

The HEG Board and Management have an excellent track record in building and operating significant projects and companies in Australia and overseas.


HILL END GOLD PROJECT, NSW

The Hill End Project is located approximately 50 kilometres north of Bathurst in central New South Wales and was the focus of rich widespread goldmining in the 19th century.

The Company holds a 100% beneficial interest in all its tenements except for certain tenements in the Hill End area, formerly subject to Exploration Licence 2037, which are subject to reduction to 85% if another party chooses to contribute 15% to project development and costs.

The Hill End Project mineral resources are 336,000 ounces of gold, including 900,000 tonnes at 8.6g/t in the Reward Deposit.


Reward

The Hawkins Hill - Reward deposit produced over 400,000 ounces of gold at an average grade of about 10 ounces per tonne in the nineteenth century from a high grade zone 400 metres long, 40 metres wide and 50 metres down dip. The deposit has now been reopened and drilling and development has extended the known deposit to over 1,500 metres along strike and to over 350 metres depth within the 100 metre wide Mine Sequence.  

In the Hawkins Hill – Reward mineralisation the gold occurs along the intersection of a zone of near vertical feeder structures in bedded quartz veining and stockworks.  The ~50m wide structural corridor has a similar strike to the stratigraphy so the envelope of gold mineralisation is subhorizontal.

Hill End Gold has built up its gold resources at Hill End through surface and underground drilling, and underground mining and processing of 35,000 tonnes at 11g/t from the Reward Deposit.  This bulk sampling demonstrated the continuity of the mineralisation and the provided mining and processing parameters.  The gold is easily gravity recoverable with 95% recovery at a fine crush size using no cyanide.

A pre-development study at the Reward Deposit is continuing to examine the potential to mine wide shale blocks, which host the auriferous quartz veins, with systematic and non-selective mining methods. The scoping study is also determining the potential economics of an expanded mining project based on optimising the mining methods used at the Reward Deposit, ore sorting prior to gravity gold recovery and extensive use of waste backfill to support a bulk mining approach.

A geological and structural review of the Reward - Hawkins Hill Deposit is underway to delineate the high grade zones, identify targets for extensions to plan a targeted drilling program.   


Red Hill

The Red Hill Deposit is located approximately four kilometres north of the Reward Deposit and has an Inferred Resource of 849,300 tonnes at 3.3 g/t gold for 89,200 contained ounces.

The gold mineralisation at Red Hill is similar to that at the Reward Deposit, with a vertical feeder zone fault crosscutting and mineralising host rock units.  

At Red Hill there are thick brittle host rock units that have wide zones of stockwork quartz gold mineralisation at their intersections with the feeder zone structure.  The host rock units, such as the Whites Big Tuff, are up to 30 metres thick; the feeder zone structure is 10-15 metres wide and the mineralised intersection of the host rock units with the structure plunges at a shallow angle to the north over at least 1,500 metres of strike and an indicated depth down-stratigraphy of more than 500 metres.

A re-estimation of the resources based on the new ore deposit model has commenced.

 
HARGRAVES GOLD PROJECT, NSW

The Hargraves Project is located on the wholly-owned EL6996, approximately 35 kilometres north of Hill End in central New South Wales, Australia and covers a 10 x 4 kilometre historic goldfield which was the site of Australia’s first reef gold mining.  The Big Nugget Hill Deposit was discovered in 1851 with a 50 kilogram piece of gold-in-quartz mined from the surface outcrop and the adjacent alluvial field contained many large nuggets up to 2,700 ounces.  

Exploration to date has focused on delineating a mineable resource in the Big Nugget Hill Deposit. There are numerous other mineralised structures with historical gold production in the project area yet to be explored.


Big Nugget Hill

The Big Nugget Hill Deposit is contained in the axis of a fold structure in which drilling has outlined gold mineralisation along a two kilometre strike length and to a minimum depth of 400 metres.  The total resource currently stands at 221,000 ounces for an 800 metre portion of the Deposit with 143,000 ounces in the Indicated Resource category, mostly to a 150 metre depth.

HEG’s HQ3 diamond and reverse circulation drilling programs on the Big Nugget Hill structure total about 20,000 metres drilling and have outlined the deposit as a 30 metre wide zone of gold mineralisation to a depth of at least 400 metres with a strike length of about two kilometres. The stratigraphic and structural controls of the mineralisation have now been determined and detailed structural interpretation is expected to define additional targets.

A scoping study is underway to determine the potential open pit reserves for the Deposit based on these increased Indicated Resources.  The study will also identify areas to be drilled for pit expansion and additional resources.   The Big Nugget Hill Deposit is still open to the north, south and at depth.
 

Gundowda Zone and other deposits

Other near-surface deposits are being explored to increase the resource inventory in the Hargraves area.  These include the Gundowda Zone, which is a wide, near vertical mineralised and sheared zone with potentially significant gold mineralisation that is a geologically different style to the Big Nugget Hill Deposit.  The Gundowda Zone has not previously been tested by drilling, although it hosts the Eureka Mine, which was the richest mine on the Hargraves field, and numerous smaller historical workings.  The distribution of historical workings indicates that the Gundowda Zone is 80-100 metres wide and extends for at least 1000 metres to the north of the limit of the Big Nugget Hill resource, and may continue undercover for another 1000 metres adjacent to the Central and Southern Zones of the Big Nugget Hill Deposit.

Significant potential exists for increasing and upgrading the Hargraves Resources: in the Big Nugget Hill structure; in the recently discovered Gundowda Shear Zone; and in the multiple, geologically similar structures in the project area.


Willandra - Australia

Hill End Gold is the 100% holder of Exploration Licence Application 4449 over the Willandra area which is 40km east of Hill End in New South Wales.  The 86km2 area is over the contact of the Sofala Volcanics and the Adaminaby Sediments and contains two areas of interest that are the Willandra Prospect, which is a two by one kilometres surface gold-arsenic soil anomaly, and the Brigadoon Structure, which contains a northwest trending line of old gold workings.  Previous surface sampling by Gold Fields Limited (NYSE: GFI) returned rock chip assays of up to 6.2 grams per tonne (g/t) gold at the Willandra Prospect, and up to 20.6g/t gold one kilometre north of the prospect.

Hill End is planning a program of mapping, sampling, ranking and drill testing of priority targets.


Murray Basin - Australia

Hill End Gold Limited is the 100% holder of granted Exploration Licences in the Barham area (EL7124 and 7125) of New South Wales.

The Murray Basin tenements cover the interpreted extension of the Bendigo Zone from Victoria into New South Wales. Many geophysical targets have been identified for further work.


Lak Sao Project - Laos

The Lak Sao Project application area of approximately 2000km2 is located in the Bolikhamxay Province in Central Laos between the Mekong River and the Vietnam border. The area is approximately 100 kilometres north of the Sepon copper-gold project, operated by MMG, in the Truongson Belt.

The Lak Sao Project application is currently pending and other opportunities are under consideration.

Hill End Gold have a 51% interest in the Lak Sao project with Mekong Resources Pty Ltd, a private Sydney based company.

Dr Denis Clarke - Chairman, Dr Clarke has a Ph.D. (Geology) from Stanford University and has over forty years experience in senior technical, financial and corporate positions in the mining and exploration industry in Australia and overseas. He played a significant role in the extraordinary growth of Plutonic Resources Limited, which developed into one of Australia’s largest gold producers.

Philip Bruce - Managing Director was Managing Director of Triako Resources Limited, General Manager – Development for Plutonic Resources Limited, CEO of PT BHP Indonesia and a Director of Buka Minerals Limited and Ausmelt Limited.

Graham Reveleigh - Director was General Manager, Noble’s Nob for seven years and project manager for the early development of a number of mines in Australia, Solomon Islands and Hill End in New South Wales since the mid-1980’s.

Bruce Thomas - Director has had an outstanding career in funds management including Zurich Insurance Company, Public Authorities Superannuation Board, Hambros Australia Ltd and FAI Insurance and is a Director of GRD Limited.

Ian Daymond - Director practises as a solicitor and a consultant in mining and resources. He has spent most of his career as a senior in-house lawyer in significant mining and exploration companies in Australia (WMC, Hunter Resources and Delta Gold) or as an external lawyer. Ian was general counsel and company secretary for over 11 years at Delta Gold until 2001 and was part of the senior management team responsible for the growth of Delta Gold into one of the largest gold producers in Australia.

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