$DUCP ARX Springs Project The ARX Springs Projec

$DUCP ARX Springs Project
The ARX Springs Project, covering an area of approximately 4,000 acres located in the Coonambula, the vicinity of Eidsvold, Queensland, is the Company’s first major project and offers huge potential.

The ARX Springs Gold site is located at Coonambula near Eidsvold in Queensland Australia, a proven producer of gold from a historical perspective.  The Queensland area was the site of the Australian gold rush of 1867 and home to some of the major mining sites from the large firms like BHP Billiton Limited (NASDAQ - BHP) and Rio Tinto (NASDAQ - RIO).

The deposit is described as alluvial grade sand and gravel resource with a varying depth of resource within a continuous surface area of 1600 ha. The earliest geological reports identified a tertiary glacial till that is prominent in both the ARX site and area where the majority of the alluvial deposits occur and surveys have indicated the presence of gold.  The recoverable grade is contained within paleo channels of alluvial sand, gravel and conglomerate associated with gravel beds of old alluvium and minor alluvial deposits. Alluvial deposits, or placer deposits, are a loose accumulation of stream-deposited sediments, including sands, silts, clays or gravels.  These deposits typically contain gold, platinum and other gemstones.

The average depth of resources estimated from extensive drilling is at between 15 m to 20 m. The targeted recovery from the resource is dependent upon operational factors once the project is in production and the consistent average recovery of the targeted yield.