Location of Hengxian project
The Hengxian project is a classic example of a sediment hosted disseminated gold system (“Carlin-type”), with considerable exploration potential. Caledon has targeted the area for some time having witnessed the impressive strike length and width of the near surface oxide focused mining that is currently being carried out.
At Hengxian, gold is being mined in a north-east trending zone measuring up to 3 kilometers long and up to 800 meters wide. Gold occurs in steeply dipping, high grade “feeder” structures (> 4.5 g/t gold avg.), feeding flat-lying moderate grade (1-4 g/t avg.) stratiform zones. To date, at least four sub parallel feeder structures have been defined. The gold mineralisation occurs on a major regional structure that can be traced for more than ten kilometers away from the existing workings. Access and infrastructure in the area is excellent – Hengxian is a two hours drive from Caledon’s office base situated in the Guangxi Provincial capital, Nanning.