EL 6719 covers an area of approximately 100 square kilometres and is located 230 kilometres north of Sydney in the New England Fold Belt of eastern Australia, or about 40 kilometres northeast of Scone, New South Wales. The licence encompasses the historic Waverley silver-lead-zinc workings and a large untested magnetic anomaly proximal to the Waverley workings.
The licence area is considered prospective for intrusive-related precious-base metal mineralisation.
Waverley Project
The Waverley project area hosts the historic Waverley silver-lead-zinc workings which comprises pits, shafts and adits. Production was undertaken intermittently between 1868 and 1912. Mineralisation at Waverley has been recorded as being associated with a three kilometre long NNE trending fault zone.
New South Wales Geological Survey inspections report that the mineralisation comprised a series of pods and lenses, with pods reportedly measuring up to a maximum of 20m long and 3m wide.
Prospecting in the mid-1990s by the only known explorer of the region returned values up to 739ppm silver, 14% zinc and 9.4% lead. Mineralisation at Waverley appears to exhibit epithermal characteristics and the area also hosts a large untested magnetic anomaly proximal to the workings.