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Location: 50 km S from Charters Towers, Queensland, Australia
Gregory Development RoadPO Box 1435Charter TowersQueensland, Australia4820
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Yuxin is a 100 percent subsidiary owned by Shandong Yulong Gold (Shandong), a public company listed on the Shanghai Stock Market.
Pajingo mine is located in a group of sedimentary rocks within the Drummond Basin.The Pajingo mine's mineralisation is hosted in structurally controlled epithermal quartz veins within an andesite host rock. In general, veining strikes grid east and is steeply dipping. Mineralisation plunges towards the east, with internal high grade zones plunging towards the west. High grade zones typically return multiple assays >100g/t.Most ore bodies comprise a main vein, which carries the bulk of the precious metals, and splay veins that can contain economic grades but are less continuous than the main vein. The mineralised structures can vary from less than one metre to 15 metres in width, but are generally one metre to three metres wide.Major fault structures in the Pajingo area trend dominantly northeast and northwest. These major faults are possibly related to reactivation of original graben blocks first generated during extension and formation of the original basin. Fault, shear and gentle fold development of late Palaeozoic and older geology result from multiple tectonic events along the eastern margin of the continent. These events resulted in volcanic arcs and mountain building with associated pulses of mid to upper level igneous intrusive bodies. Surface expressions of major folds in the northern most end of the Drummond, display axial planes in a northeast orientation (Hutton 1989).
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