Located on the south of the Tauern Window, the Goldeck-Siflitz Project lies to the show of Lurnfeld on the eastern side of Lind-Drau Valley. The Goldeck-Siflitz Project lies within an Exploration Permit comprising 57 Freischurfe, which encompass the historic mine workings of Guginock within a total area of approximately 27.6 km² (Figure 1).


                   Figure 1. Map of Goldeck-Siflitz Exploration Permit comprising 57 Freischurfe, covering an area of 27.6km².

A large number of ore occurrences (Sb, Hg, Au, Ag, Cu, Pb, Zn, W) have been mined in the Goldeck-Kreuzeck mountain ranges. A large number is bound to massive tectonic fault-shear and over-thrust zones exploited for gold at Guginock and Siflitz districts. The 1920s explorations at Guginock discovered a significantly mineralised system, with pyrite, two generations of arsenopyrite, gold and traces of base metal sulphides at grades from about 3 to 20 g/t Au. Re-sampling by BBU in the 1970s gave values ranging from 4.8 to 18.2 g/t Au, averaging 12 g/t Au. This project is not the primary focus of the Company’s immediate exploration program, but will be systematically explored over the next 5 years.

High Grade Metals Ltd

Level 17, 500 Collins Street
Melbourne, VIC, 3000

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ACN: 062 879 583
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