Sovereign Gold Company Limited, the mining company who are exploring the Rocky River Uralla Goldfields for Intrusion-Related Gold System (IRGS), have discovered the historically significant original shaft at Frasers Find.
The main shaft at Frasers Find is situated 2.8 kilometres northeast of Martins Shaft the first old mining site that Sovereign Gold Company Limited explored early last year. The find confirms the large scale of the newly identified Rocky River-Uralla (IRGS).
The lost Frasers Find shaft was located by Sovereign Gold during January 2012, 100 years after it was first discovered.
Recent assays and the scale of the mineralisation confirm significant potential for further gold lodes within the Rocky River-Uralla Goldfield.
Donald Fraser and his prospecting party discovered the Fraser Find lode in 1912 (at age 55) and abandoned it in mid 1914 at the outbreak of World War I, because he couldn’t get satisfactory returns over a stamper battery from the sulphide-rich mineralisation.
Records show he only sunk shafts along the lode but never mined it. His party brought 66 tonnes to the surface and it was this material that was sampled by Sovereign Gold in January 2012, 100 years after discovery. The bulk of the lode is still in-situ. Andrew Donald Fraser (1856 – 1942) is buried in the old Uralla Cemetery.
