Bubalus Resources Confirms High-Grade Gold Potential at Wilson’s Hill Project
Bubalus Resources (ASX: BUS) has identified multiple high-grade targets at the Wilson’s Hill gold project in central Victoria, part of a suite of tenements over which it holds a purchase option.
A review of historic drilling and mining records has revealed strong geological similarities with the Bendigo goldfield, one of Australia’s most prolific producers.
Work by Western Mining Corporation in the 1980s intersected 8 metres at 23.83 grams per tonne gold at depth, demonstrating the potential for repeating reef structures beneath the historic workings.
Geological Setting
Wilson’s Hill lies within the Bendigo Zone of the Lachlan Fold Belt, and includes the historic Wilsons Reef, mined during the 1800s at depths mostly less than 170m.
Western Mining previously confirmed the presence of quartz reef systems consistent with the Bendigo model, including both shallow bulk-tonnage zones and deeper saddle reef structures.
These features indicate that the mineralised horizons repeat at depth in a manner typical of central Victorian deposits.
Later modelling by GBM Gold identified multiple stacked horizons between 200m and 800m, adding weight to the interpretation of significant scale potential across the project area.
Historical Exploration
Shallow workings from the 19th century produced gold from a strike length of around 1km, with the evidence of shafts and remnants of processing facilities confirming sustained activity in the field during this period.
Western Mining drilled more than 7,600m across diamond, reverse circulation and rotary air blast programs between 1980 and 1986.
The highlight intercept in hole WHD002 included visible gold and sulphides, but remains untested along strike.
GBM Gold revisited the field between 2010 and 2013, re-logging and modelling the Western Mining core.
Its work supported the interpretation of repeated mineralised horizons but limited follow-up drilling has left much of the ground underexplored.
Dataset Validation
Bubalus has begun validating the historic datasets to support a new round of modern exploration, and is also engaging with landholders and stakeholders to establish access agreements, with the project covering both private and Crown Land.
The initial program will include geochemical sampling and induced polarisation geophysics to map structures at depth.
Drilling will then target both the shallow bulk-tonnage zones and the deeper saddle reef systems highlighted in past work.
By combining the evidence of historic high-grade results with modern techniques, Bubalus aims to unlock the potential of a project that has long been recognised but never fully tested.