Click to download the entitlement issue prospectus
2012 Annual Report
Click to view the 2012 Annual Report
Join our Mailing List
Incorporated on 20 August 2010 Invictus Gold Limited has been established to explore primarily for deposits of gold, gold-silver, gold-copper and gold-copper-molybdenum.
In pursuit of this aim the Company has entered into a share purchase agreement (Impact Share Purchase Agreement) with Impact Minerals Limited (ASX:IPT) to become the holder of tenements and tenement applications covering 5,800 sq km in the east central and southern areas of Queensland. This ground is very prospective for World Class deposits of gold, gold-silver, gold-copper and gold-copper-molybdenum associated with porphyry intrusive centres. There is also excellent potential in many areas for bulk-mineable multi-vein and stockwork deposits of gold (silver-copper), and for disseminated bulk-tonnage deposits of the speciality metals, especially molybdenum and tin. Details on the geology of these areas can be found under the projects page of this website.
Invictus also intends to build the business with a vigorous campaign of project evaluation and project generation for potential acquisitions and farm-ins, both in Australia and overseas. To that end, Invictus recently announced the acquisition of an option to purchase 100% of the Himmetdede South Project in the emerging mineral province of central Anatolia in Turkey. A recent soil geochemistry survey has identified several high priority areas for follow up work.
Invictus considers Turkey to be a very attractive destination for exploration and has made the decision to expand its operations into this country because it is:
- very prospective for the discovery of major gold and gold-copper deposits. In particular most of the country lies within the Tethyan Metallogenic Belt that is host to many multi-million ounce gold and multi-million pound copper deposits;
- very poorly explored despite a long history of mining; and
- has a positive fiscal and legislative regime for mining.
Invictus has a Board that includes three globally experienced geologists with an established track record in the discovery of significant gold deposits in Australia and Africa and about 80 years combined industry experience and knowledge with major and international resource companies. The Company's Chairman, Mr Peter Unsworth, has extensive experience in the mining, finance and other sectors of Australian business.
DRUMMOND WEST and DRUMMOND EAST PROJECTS:
- Five previously unrecognised Porphyry Intrusive Centres are proposed for drilling that are similar to those that host significant deposits in the Lachlan Fold Belt of New South Wales e.g. Cadia Hill with production and reserves of 23 Moz gold plus 4 Mt copper, and the nearby Mount Leyshon Mine (>3 Moz gold).
- A new previously undrilled prospect called Scartwater has been identified from rock chip sampling and regional soil sampling by Invictus Gold. Indications suggest the prospect has lithological, geochemical and geophysical properties of an intrusive porphyry body. An area of sporadic and altered grantic outcrop contains porphyritic quartz, sericite, mica and opaques (possibly weathered sulphides) surrounded by a poorly outcropping sequence of Anakie Metamorphics (silts and shales). Surface rock chip assays up to 1 oz gold per tonne have been received and soil sample traverses across the porphyry are anomalous in gold. Radiometric images are anomalous in potassium and thorium over the prospect.
- At least 20 other targets have been identified and to be worked up to define drill targets.
Early drilling is proposed at three targets prospective for major deposits of bonanza grade gold in robust high-level epithermal veins and stockworks such as the Pajingo Mining Centre (>4 Moz gold) in the northern Drummond Basin. Previous drill results at these three prospects include:
- at the Retro prospect intersects ranging from 2 m at 1.1 g/t to 2 m at 13.7 g/t gold;
- at the Retro Extended prospect, intersects ranging from 12 m at 1.2 g/t to 16 m at 8.5 g/t gold; and
- at the Ayers Rock prospect, intersects of 22 m at 1.1 g/t, 32 m at 3.8 g/t, 22 m at 1.7 g/t from 20 m and 6 m at 5.1 g/t.
- Geological mapping by Invictus has extended the Retro vein a further 800 m south of the Retro Extended Prospect. This extension of the vein has not been drilled.
- A further 10 targets have also been identified for further work.
- Eleven Porphyry Intrusive Centres have been identified for follow up work, some with significant previous drill intercepts, including 10 m at 1 g/t gold and 48 m at 0.2 g/t gold, and other indicators of very large mineralizing systems;
- The project is particularly prospective for bulk-mineable deposits of gold-silver-copper such as the recently discovered Silver Hills deposit (>2 Moz gold) near the Company's projects.
MOLY KING PROJECT
- Widespread and numerous gold, tin and molybdenum occurrences, including a previous drill intercept of 28 m at 500 ppm molybdenum, have not been followed up. The area is prospective for gold (with tin and molybdenum) in multi-vein stockworks and disseminations associated with granites, similar to the Pogo and Fort Knox deposits (each >5 Moz gold) in Alaska.
HIMMETDEDE SOUTH PROJECT, TURKEY
- The Himmetdede South Project is south west of and adjacent to the Himmetdede gold deposit owned by major Turkish company Koza Gold A.S and is also along strike from another prospect with very high grade drill results of up to 2 m at 225 g/t (7.5 oz) gold owned by a private Turkish company.
- The Himmetdede gold deposit has a measured, Indicated and Inferred resource base of 31 Mt at 0.7 g/t gold for a contained 800,000 ounces of gold and is undergoing feasibility studies as an open pit and heap leach operation.
- The alteration zone, the thrust fault and the host limestone at the Himmetdede gold deposit all extend south west into the Himmetdede South project area.