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A1 Consolidated Gold Limited (AYC)
is a publicly listed company on the Australian Securities Exchange (ASX).


{{businessSummary}}

General Overview

About A1 Consolidated Gold

A1 Consolidated Gold Ltd was incorporated for the purpose of entering into an agreement to acquire 100% ownership of the A1 Consolidated Gold Project. Since incorporation it has also secured a further two mineral tenements in the Woods Point – Walhalla Goldfield located in north eastern Victoria.

The Company's objective is to operate as a junior resources company focused on developing its gold projects and in particular, the A1 Consolidated Gold Project.




Projects

A1 Gold Project

The company’s main project is the A1 Gold Project within mining licence MIN 5294, which includes the entire known A1 Dyke corridor. The A1 Mine is the second largest gold producer in the area, having historically produced more than 620,000 oz at 32g/t Au, up to 1992. The Company is currently actively developing an underground decline to the 1400 Stockwork Zone at a rate of approximately 100m per month.

Since listing, the company has defined a Mineral Resource Estimate in accordance with JORC (2012). See ASX Announcement dated 11th February 2013 Mineral Resources in accordance with the JORC Code (2012) Indicated – 250,000 t @ 5.1 g/t for 41,200 oz Au Inferred – 1,170,000t @ 6.4 g/t for 240,000 oz Au Totalling 281,200 oz Au.

The company has also commenced a program of underground diamond drilling aimed at identifying further targets which could be developed and economically extracted as the decline is developed to the 1400 Stockworks Zone. The A1 Gold Project has considerable potential for exploration upside and the Company is actively pursuing extensions to the known stockwork zones.

As well as Inferred Resources, the A1 Gold Project also contains exploration targets, as detailed below:



The company is fully equipped to undertake mine development and has a sub-contractor who has employed experienced management, technical and mining staff.  Surface infrastructure already in place includes an administration office and first aid facility, state grid power, phone, internet & mine-radio system, drill core and sample preparation facility and heavy equipment workshop with fuel and oil storage.


Star of the West & Ten Mile Goldfield

EL5109 (which overlaps and includes MIN4636) is located in the Kevington area, west of Ten Mile in the Jamieson-Woods Point goldfields region. 

The tenement covers most of the Ten Mile Goldfield and includes the Star of the West mine. More than 30 known mines are present on the Ten Mile Goldfield and records show a production history of 83,654 oz of gold from 162,168 tonnes at a grade of 16 g/t Au. The Star of the West group of mines produced 25,671 oz of gold from 35,447 tonnes at a recovered grade of 22.5 g/t Au.

A regional exploration program will be undertaken on these tenements. During 1987-88 an eight hole diamond drilling program to a maximum depth of 106.7 metres was completed. There were 11 visible gold intersections. It is the company’s intention to twin some of these drill holes to validate the drill data.




Contact Info

A1 Consolidated Gold Limited

C/- Herries Davidson & Co
32 Clifford Street
Goulburn, NSW
AU Australia, 2580

Phone: +61 8 9389 2111
Fax: +61 8 9389 2199
Email: admin@a1consolidated.com
Website: http://www.a1consolidated.com.au

Click here to view the interactive map
A1 Consolidated Gold Limited Google Map
A1 Consolidated Gold Limited Google Map

Share Registry

Security Transfer Registrars Pty. Ltd - Click here to view share registry profile

Phone: +61 8 9315 2333
Fax: +61 8 9315 2233
Email: registrar@securitytransfer.com.au
Website: http://www.securitytransfer.com.au

770 Canning Highway
Applecross, WA
AU Australia, 6153


Important Information

The General Overview, Services, Products and Projects information for this profile was last edited on 12 Jul 2016.

All Financial Data is provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Share Prices nor any independent data provider is liable for any informational errors, omissions or other defects, incompleteness, or delays, or for any actions taken in reliance on Financial Data.

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