Clara Resources Australia (ASX:C7A) announced a strategic expansion of its Mareeba Gold Project through a new exploration permit application in the historically rich Hodgkinson mineral field.
The application for EPM29390 covers approximately 6.5km2, situated immediately south of the company’s existing tenure.
Once granted, this acquisition will increase Clara's consolidated land package to roughly 247km2, spanning four distinct exploration permits: EPM13944, EPM26405, EPM27871, and EPM29390.
The new tenement is particularly significant due to its host of at least five documented historical gold workings.
Notable among these are the Victoria Mine, which boasts reported historical grades of 68g/t, and the Four-Leaf Shamrock Mine, which has seen grades exceeding 100g/t.
Historical data for the Victoria Mine further reveals a 50-metre shaft with past production rates of 60 tons per week at over 2 ounces per ton.
Clara Managing Director Peter Westerhuis described the move as a "logical extension" of the company’s current operations.
By securing this ground, Clara aims to consolidate its presence in the Hodgkinson district, leveraging the area’s proven mineralisation and untested potential.
The company plans to fully integrate the new EPM into its broader Mareeba exploration strategy, focusing on the high-grade gold corridor that continues to define this region of Far North Queensland.
At the time of reporting, Clara Resources Australia's share price was $0.0040.