Sharing our geoscience to further boost exploration

The Geological Survey of Victoria (GSV) recently presented some of its latest findings to an audience keen to hear where discoveries of gold are mostly likely across the state.

The Geological Survey of Victoria (GSV) recently presented some of its latest findings to an audience keen to hear where discoveries of gold are mostly likely across the state.

Minerals exploration is at record levels in Victoria. During 2021-22, statewide mineral exploration expenditure totalled over $220 million, which is a twenty per cent rise on the previous record financial year of 2020-21.

To promote further investment, GSV continues to share information about underexplored mineral resources across the state.

Speaking at the Victoria Gold Mining & Exploration Forum 2023, GSV’s Senior Geologist Ross Cayley outlined opportunities for further successful minerals exploration across the Melbourne geological zone. GSV has identified for the first time an extended fault system that could indicate the presence of minerals in areas that have not seen successful exploration to date. What is known as a mineralisation pathway may run from close to the surface to as far down as 35-40km.

The Southern Lachlan Crustal Transect initiative points to the mineralisation pathways reaching the surface in the vicinity of the historic goldfields Woods Point-Walhalla area, meaning faults buried under younger rock cover away from the historic goldfields could present new opportunities. GSV aims to give industry sufficient confidence to start testing these ideas.

More detail on the findings of GSV: Geoscience presentations and papers.