| Risk and valuation analysis of the TOOLOOM Project |
| Status Risk : Green exploration |
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| Title(s) of the TOOLOOM Project |
 | Malachite Resources NL
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Location of the TOOLOOM Project |
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The Tooloom Gold Project is located in the far northeast of New South Wales, about 70km northwest of Casino and within about 30km of the Queensland border. The project is wholly owned by Malachite and encompasses about 550 km² of prospective ground in three mining leases and surrounding and adjoining exploration licences (EL 6263 and ELA 2879).
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| History of the TOOLOOM Project |
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Gold was first discovered at Tooloom in 1857 and within a few years up to 10,000 people were mining gold from alluvial deposits in the area, attracted by the coarse grain size of the gold and the abundance of nuggets that characterise the district. A more...
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| Geology of the TOOLOOM Project |
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The Tooloom goldfield lies within the Emu Creek Block, a tectonic unit within the New England Fold Belt of north eastern NSW. Rocks in the area consist mainly of gently folded conglomerate, sandstone, siltstone, carbonaceous siltstone and tuff of the more...
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