Victoria makes move to ignite next gold rush

Mineral explorers can win an exclusive right to apply for an exploration licence in some of the most prospective grounds in Victoria.

Explorers will cover an area with similar geology to the nearby Fosterville gold mine north and east of Bendigo.

The Geological Survey of Victoria estimates there is as much as 32 million ounces of undiscovered gold in the area.

Earth Resources policy and programs executive director Jane Burton said the event is an integrated approach encouraging investment in minerals exploration while supporting local communities.

“This event will reveal the vital geoscience data underpinning the North Central Victorian Goldfields Ground Release and is integral to explorers understanding the potential of the area,” Burton said.

“The successful tenderers will be required to work closely with local communities and Traditional Owners to ensure minerals exploration is balanced with other land uses and that landholders are comfortable with the scheduled activities.”

The North Central Victorian Goldfields Ground Release will assess explorers on their commitment to working with landholders, local communities, Traditional Owners and their technical capability before they apply for permits.

Its tender briefing session on December 13 will provide information about working with Traditional Owners, geology and features of the area, publicly available geoscience data and the application and evaluation process.

The session will include activities such as mapping, sampling and geophysical surveys.

Once the winning explorers are chosen, localised drilling could be under way by the second half of 2020.

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