Coronation Hill Unconformity Related Gold Platinum Palladium Prospect, Northern Territory

The Coronation Hill gold-platinum-palladium prospect is located in the valley of the South Alligator River (latitude 13'35'S, longitude 132'36'E), about 80 kilometres east of Pine Creek in the Northern Territory. Coronation Hill was one of thirteen sites in the South Alligator Valley at which uranium was mined between 1955 and 1964 after initial discovery by the Bureau of Mineral Resources in 1953. Most of the mines were operated by United Uranium No Liability. The Sleisbeck mine 25 kilometres south of Coronation Hill was operated by North Australian Uranium Corporation and the group of mines at Rockhole about 20 kilometres to the north-west of Coronation Hill was operated by South Alligator Uranium No Liability. The uranium mine at Coronation Hill produced about 26000 tonnes of ore averaging 2.6 kg/t U308 with an estimated average gold grade of 10.4 g/ gold. Gold was commonly associated with the uranium mineralisation and was recovered at the gravity treatment plant at El Sherana. Gold was also recovered in 1986 by Pacific Gold Mines Limited by treating the tailings from the Moline and Rockhole uranium leach plants at a CIP plant at Moline. With the completion of uranium contracts in 1964 mining in the South Alligator Valley ceased. Exploration for uranium continued in the area during the 1960s and 1970s with no success. The Coronation Hill Joint Venture (BHP Gold Mines Limited 45 per cent, Pioneer Minerals (Gold) Pry Ltd 45 per cent, Notgold Limited 10 per cent)carried out the first exploration specifically targetted at gold in 1984 with the drilling of five vertical drill holes which indicated high potential for a substantial gold resource at Coronation Hill with no associated uranium. The Joint Venture has sub- sequently drilled about 25000 metres of diamond drill holes at Coronation Hill alone. Analytical results from 1985 drilling established that platinum and palladium were associated with gold. An indicated resource of 3.49Mt at 5.12g/t Au, 0.21g/t Pt and 0.56g/t Pd has been calculated using a lg/t Au cut off.