Project Description 

The Cundumbul Project comprises two adjoining leases, EL6661 and EL7399, 30km north of Molong in central west NSW and is a Clancy A-class target. The project area lies in the highly prospective Molong Volcanic Belt of the Ordovician Macquarie Arc, which is also host to the world class Cadia-Ridgeway porphyry Au-Cu deposits near Orange and the Copper Hill Au-Cu porphyry deposit near Molong.

There is excellent potential for porphyry, epithermal and structurally controlled copper-gold within the Cundumbul project area. Many areas have well-exposed outcrop where hydrothermal alteration which has been mapped by Clancy and previous workers. There is extensive evidence of mineralisation with many historic copper and gold workings. Rock chip sampling from the workings has returned assay results up to 40.8 g/t Au and 5.5% Cu.

Despite the project having been almost continuously under tenement for the past 3 decades with encouraging rock chip and soil sampling results, it is significantly underexplored. There has been only 24 drill holes drilled, centred on just 2 prospects, for an average depth of 113m. Since acquiring the tenement, Clancy has carried out two gradient array IP surveys which has defined several anomalies which will require follow up.




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