Zamia Gold Mines Limited (ASX: ZGM) is focused on the Clermont region of central Queensland, targeting molybdenum, gold, silver and copper deposits.

 

Clermont has a long history of gold and base metal mining dating back to 1862. The region produced more than 400,000 ounces of gold and includes the historic Peak Downs, the first copper mine in Queensland.  Since 1980, 20 new, mostly epithermal style gold deposits and prospects have been discovered in the region.

 

ZGM holds Exploration Permits (EPMs) covering nearly 2,400 km². The tenement package covers the south eastern portion of the Drummond Basin and the adjoining Anakie Inlier. 

 

A molybdenum (Mo) deposit was discovered in early 2008 at Zamia’s Anthony Prospect. The drilling results are showing extensive mineralisation with grades up to 1920 ppm (part per million) Mo. With mineralisation open in all directions, this could potentially become a world-class porphyry style deposit.

 

Zamia’s tenement package also includes a number of other possible porphyry molybdenum and porphyry copper-gold targets

 

Within the Drummond Basin volcanic sequence ZGM has recognised a major caldera structure.  Elsewhere volcanic calderas are known to host major epithermal gold deposits.