At Ono Island we have successfully completed an offset pole-dipole IP survey on two adjacent high sulphidation epithermal gold prospects on the northern part of the Island, known as Naqara East and Naqara West, and a diamond drilling program is planned.
At Sigatoka, we are exploring sands in and near the mouth of the Sigatoka River. The sands contain significant amounts of magnetite, a mineral that when concentrated is used in the steel manufacturing industry. In addition to magnetite, products such as non-magnetic heavy minerals, reclamation sand and gravel will be produced for sale.
In the case of Nadrau, two priority targets for porphyry copper-gold deposits have been mapped at the Namoli and Wainivau Prospects. Outcrops of copper-magnetite bearing porphyry intrusive have already been discovered.
|Tenement||Name||Holder||Interest||Area (ha)||Expiry Date|
|SPL 1451||Ono Island||Dome Mines Ltd||100%||3,028||22/08/2016*|
|SPL 1452||Central Viti Levu||Dome Mines Ltd||100%||33,213||26/08/2016*|
|SPL 1495||Sigatoka Ironsand||Magma Mines Ltd||100%||2,522||13/07/2018|
*Applications to renew these licences for a further 3 year period have been submitted and the Company believes there is no reason why the renewals will not be approved.