KOOKYNIE
The Kookynie gold mining camp historically produced in excess of 600,000 ounces of high-grade gold since the 1890’s. All significant historical high-grade lodes mined at Kookynie were discovered in areas of outcrop discovered by prospectors at the turn of the last century.
Utilising 21st Century technology and modern exploration techniques, IRIS Metals will be exploring for what the ‘old timers’ may have left behind due to the difficulty of prospecting through the thin layer of transported alluvial cover across much of Kookynie.
This hypothesis has already been proven by the Metalicity Limited/Nex Metals Exploration Limited joint venture; with Genesis Minerals Limited and Carnavale Resources Limited also demonstrating recent exploration success in the area through modern technology and methodical geological work.
Among its 35.5km² Kookynie tenure, IRIS has recorded historical production with grades as high as 63.8 g/t. IRIS will be undertaking a highly focused and targeted program with clear short, as well as longer term targets.
LEONORA
Located approximately 60km north of Kookynie, IRIS holds a 71km² tenement package contiguous to Kin Mining Limited and its 1.23M ounce Cardinia Hill project. The Company’s Little Dipper prospect is adjacent the Wanghi Prospect of Golden Mile Resources Limited, where a recent Air Core drill result hundreds of meters from the IRIS Metals Little Dipper prospect created significant interest. It is also worth noting that Leonora has recently undergone consolidation with the ~$85m (enterprise value) scheme of arrangement between Dacian Gold Limited and NTM Gold Limited.
It is anticipated that IR1 will list on the ASX during September 2021
IRIS Metals
Strategic tenure in the historic high grade Kookynie Gold Camp and the Tier-1 mining jurisdiction of Leonora.
www.irismetals.com
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