Pilbara Basin Project
The Company is now beginning exploration on its new focus in the highly gold prospective areas of the southern Pilbara Basin in Western Australia.
In early 2019, the Company was granted two Exploration Licences, E52/3579 (82 Blocks, 257km2) and E52/3580 (167 Blocks, 525km2), covering a total area of 782km2 located 400km southeast of Karratha and immediately south of Newman in the Pilbara, Western Australia.
The Company also previously announced highly encouraging results from its first pass exploration program at E47/3808, which is currently under application and expected to be granted shortly. This project is located 12km north of the town of Paraburdoo and covers an area of 107km2 and brings SUH’s total tenements in the area to 889km2.
The geological setting is considered analogous in a basinal context to the Artemis Resources owned Purdy’s Reward Project located on the northern boundary of the Fortescue Basin.
The Paraburdoo gold project is strongly incised by creeks, and significant gold mineralisation can be expected to shed a robust geochemical anomaly. Accordingly, a wide spaced stream sediment program has been completed as a first pass test for gold mineralisation.