Cyclone Metals has started its maiden New Zealand exploration program at its newly-acquired Mareburn and Macraes South gold projects. The projects are located adjacent to OceanaGold Corporation's 10-million-ounce Macraes gold deposit currently producing 155,000 ounces per year. Geochemical sampling will target known gold mineralisation and favourable cross-cutting structures that may mimic the 80-million-ounce Carlin trend in Nevada.
Cyclone Metals has unearthed some stunning quartz and gold nugget specimens up to 712 grams at its wholly owned Nickol River project in WA's Pilbara region, which begs the question – where are they coming from? Notably, they were found in the very first test pit and the company is hopeful that drilling targets for primary mineralisation will quickly be generated from them.
