Peel Exploration is set to bring a new lease of life to the historic Attunga-Kensington gold-tungsten-molybdenum mineral fields in Australia.
The area comprises ELA 3177 and ELA 3182, which together cover an area of around 250 square kilometres. Investigations based on historical reports and modern datasets indicate that the region bears the hallmarks of an intrusive-related gold system.
There has only been minor modern exploration at the site and several surface geochem gold-tungsten anomalies have been found.
"The Attunga area represents an exciting exploration opportunity for Peel with known widespread gold-tungsten mineralisation that fits perfectly with the intrusive-related gold system deposit model - yet remarkably the area appears to have gone under the radar of major gold explorers," said Peel Exploration's Michael Kiernan.
"Peel's initial plan once the licences are granted will be to test the validity of previously reported exploration results, and if confirmed, move quickly to drill test some of the most obvious gold anomalies."
He added that the project represents a major opportunity for the company.