Zuleika Gold’s presence in the gold-rich Kalgoorlie region gives the Company scope to undertake exploration on relatively under-explored ground in this world class gold region.
Zuleika Gold has 6 major gold projects, comprising one development project and five exploration projects.
In 2019, Zuleika Gold secured rights to explore 600 km² of tenements in the 200-million-ounce Kalgoorlie/Menzies world class gold region.
In October 2019, Zulleika Gold entered into two joint ventures on the world class gold conduit, the Zuleika Shear (220 km²) which has produced 20 million ounces of gold and at Credo Well (12 km²) which historically has shown spectacular specimen gold and from drilling generated extraordinary high-grade intersections. Zuleika and Credo areas have generated ~20 million ounces of gold and contain a number of producing gold mines operated by Northern Star, Evolution and Zijin.
In 2018, Zuleika Gold purchased 100% of the Ruby Plains Gold Project from private vendors. The project is located in the Kimberley region of Western Australia, 70km SSE of the township and historical goldfield at Halls Creek and covers ~1,000 km² over paleo-placer deposits which have characteristics similar in terms of age and genesis to the paleo-sedimentary multi-million-ounce gold deposits of the rich Californian Goldfields which had.
Zulleika Gold has the right to earn 50% in the K2 Mine under a binding farm-in joint venture agreement with Vango Mining Limited (ASX:VAN), for the expenditure of up to $3M on pre-development expenditure. The K2 Mine has a 1.4km developed decline to the ore blocks and contains Resources of 107,000 ounces at 8.9 g/t Au which includes 67,000 ounces at 10.9 g/t. The mine requires dewatering and refurbishment of the decline prior to gold production. The estimated cost for 100% of these works is $6M.