The Victorian Golden Triangle / Lachlan Fold Belt – The World’s Richest Alluvial Gold Nugget Region
Located in the Central Victoria region, the area encompasses 9,400 square kilometres and has produced some of the greatest alluvial gold nugget finds in the world up to this present time. AIS Resources is exploring and developing three significant advanced stage Gold Projects with over 250 sq km of property in Australia’s gold-rich regions – all of these projects are located in the Lachlan Fold Belt, also known as the Golden Triangle.
AIS Resources currently has two gold projects in the Victoria Lachlan Fold Belt region that include:
The Toolleen-Fosterville Gold Project
The project includes the 26 sq km Exploration Licence EL6001, with reported production of 7,000 tonnes @ 10 g/t Au from the top 60 metres and an 88 gm nugget on surface. The drill-ready property is the closest one (12 km) to Kirkland Lake Gold’s (NYSE: KL) Fosterville Mine – the lowest-cost producer worldwide at $315/oz and 34.3 g/t with a past and present reserves of 9 Moz* gold. The Kirkland Lake Gold reported third-quarter gold production of 339,584 oz., a 3% increase over the 329,770 oz. generated in the prior quarter. The Detour Lake and Fosterville mines led this output, producing 140,067 oz. and 161,489 oz. in the period, respectively. With 331,811 oz. of gold sales, at an average realized price of US$1,907 per oz., the producer closed out the quarter with US$848 million in cash, a 58% increase during the reporting period.
The Kingston Gold Project
The 167 sq km Exploration Licence EL6318 is located 35 km north-west from Stawell, Victoria. The drill-ready property is flanked by Navarre Minerals (ASX: NML) and was previously explored by BHP and WMC. The best recent drill results recorded were 3.6m at 16.89 g/t Au, including 2.5m at 24.27 g/t Au.
The Lachlan Fold Belt Facts
- The Lachlan Fold Belt
Is shaping up to be elephant country and it only just beginning.
- Victoria Province Gold Exploration Guide
The State of Victoria was one of the world’s leading sources of gold during the 1850s. The opportunity exists today for a major find similar to those of the past.