The Matilda Mine encompasses 10km of strike along the highly prospective Coles Shear. The Matilda Mine currently has JORC Resources of 12.7Mt @ 1.8g/t for 730,000 ounces of gold. The historical workings comprise a series of shallow open pits to an average depth of 50 metres over a strike length of approximately 3.5 kilometres. Gold mineralisation is associated with mafic shear zones and saddle reefs with supergene gold occurring within the zone of oxidation. Mineralisation remains open both along strike and at depth.
Matilda Gold Mine was previously named Mt Wilkinson and was operated by Chevron Exploration Corporation (Chevron) in the late 1980s and by Eon Metals NL (EON) in the early 1990s. Eon Metals ceased production in 1992 due to low gold prices with total combined production (since the 1900’s) of approximately 2.66Mt @ 2.3 g/t gold for 163,000 ounces of gold.