The Athenia Project covering 135 hectares and located 8km north-west of Southern Cross was converted to a mining tenement (M77/1260) in May 2012. The tenement consist of a group of old shallow shafts and diggings that form part of the historic Athenia gold workings. Mining ceased on the lease in 1911. Athenia has a current Inferred Resource of 49,300 tonnes @1.5g/t for 2,350 ounces of contained gold metal.
Regionally, the tenements are located in the Archaean Yilgarn Cration, located on the western margin of the Southern Cross greenstone belt that extends along strike for 300km from Mt Jackson in the north to Hatter Hill in the south. Locally, the Athenia workings are situated on the western limb of the Hopes Hill Anticline. The area comprises predominantly ultramafics, amphibolites, graphic and politic metasediments. The tenement areas consist of argillaceous shale unit, a mafics unit and an ultramafic unit with mineralisation occurring within the sediment/mafics contact zones.
Mineralisation is present from the surface and reverse circulation drill program has been approved by Department of Mines and Petroleum.
Although the resource is yet to be fully quantified, it is believed that Athenia has the potential to be a viable high-grade, low tonnage mining operation with toll treating facilities located only 38 kilometres away.