Introduction
North Central Gold Pty Ltd (NCG) was incorporated in January 2020 and was founded to seek and advance new gold and base metal opportunities in Victoria and New South Wales. Despite its proven mineral wealth, the company considers Victoria and New South Wales to be extremely prospective in areas undercover.
NCG manages and operates 35 South Project exploration licences (VIC), 34 South Project exploration licenses (VIC) (see Table 1) and Cobar Project exploration license (NSW) (see Table 2) and is focussed on generating targets using a combination of innovative, non-invasive, low-impact, geophysical techniques.
NCG will be conducting airborne geophysical surveys over its 35 South and 34 South Project exploration licences in April/May 2022. Cobar Project exploration Licence in July/August 2022. The proposed airborne programs will significantly add to the existing geoscience data and knowledge of the Stawell Corridor and Cobar region and will be made available to the Geological Survey of Victoria and Geological Survey of NSW following quality assurance checks.
The acquisition of high-resolution gravity and magnetic data will enable NCG to “see through” the transported sediments which cover the basement geology of the Stawell Corridor and Cobar region.

EL number | Area km2 | Name | Company | Accepted | Status |
---|---|---|---|---|---|
EL007403 | 546 | Rainbow | Hopetoun Gold Pty Ltd | 18/11/2020 | Application |
EL007404 | 553 | Yaapeet | Yaapeet Gold Pty Ltd | 18/11/2020 | Application |
EL007406 | 578 | Kenmare | Kenmare Gold Pty Ltd | 18/11/2020 | Granted |
EL007407 | 555 | Jeparit | Jeparit Gold Pty Ltd | 18/11/2020 | Application |
EL007582 | 440 | Warrack | Warracknabeal Gold Pty Ltd | 04/02/2021 | Granted |
EL007508 | 347 | Patchewollock | Sullivan Gold Pty Ltd | 19/11/2020 | Granted |
EL007509 | 498 | Underbool | Torrita Gold Pty Ltd | 19/11/2020 | Application |
EL007510 | 500 | Walpeup | Nestor Gold Pty Ltd | 24/11/2020 | Application |
EL number | Area km2 | Name | Company | Accepted | Status |
---|---|---|---|---|---|
EL9145 | 369 | Cobar | North Central Gold Pty Ltd | 30/04/2021 | Granted |
Airborne survey method
Aircraft fitted with electromagnetic and gravity instruments map variations in the electrical conductivity and extremely small variations in the natural gravitational pull of rocks, to a depth of several hundred metres without any ground disturbance.
The airborne surveys will be conducted by using a small plane flying around 80-160 metres above ground on an oriented east-west, with a line spacing varying from 200m to 400m apart.
Timeframes and work area
The surveys will be flown in between April/May 2022 (Victoria) and July/August 2022 (New South Wales). CGG’s Falcon® Plus will cover the area shown below from Underbool to Warracknabeal and Walpeup to Patchewollock. From mid-April, Xcalibur Aviation (Australia) Pty Ltd will conduct an airborne survey to help determine electrochemical gradients (the flow of electrons from reducing to oxidising environments or “redox”).
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