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A1 Consolidated Gold Ltd.
Summary
| Project: | A1 Gold Mine | |
|---|---|---|
| Deposit: | 1410 Level, A1 Decline | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/4/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-7-2016: A1 Consolidated Gold Ltd. announces an Exploration/Drilling Update report for its 1410 Level, A1 Decline deposit at the A1 Gold Mine project. Drilling results incl. 20.4m @ 47.29g/t Au from 13.6m. A1 Consolidated Gold Limited (ASX: AYC) (A1 Cons | |
| Resources: | (Resource): 250Kt @ 5.1g/t Au (Ind.) and 1.17Mt @ 6.4g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: David Sharp (Internal) | |
| ABSTRACT: | A1 Consolidated Gold Limited (ASX: AYC) (A1 Consolidated Gold or the Company) is pleased to report recent drilling results from the Phase 1 Target Area. Significant grades and widths were intercepted by drilling from the Decline and 1410 Drill Drive. Every hole drilled in the campaign intercepted gold mineralisation. Executive Chairman, Dale Rogers commented, “it is very rare to see grades that can be measured in ounces per tonne over such broad intercepts. As most of these holes were drilled almost perpendicular to the ore zones the widths quoted are very close to true widths.” During the March Quarter, development by PYBAR (the mining contractor) included extension of the Decline along the Eastern side of the deposit and development of a hanging wall drill drive from the 1410 Access in preparation for diamond drilling. Development of the 1410 Access Hanging Wall Drill Drive was prioritised in March and subsequently completed in April. As announced in late April, development was paused to enable diamond drilling from the newly developed 1410 Hanging Wall Drill Drive, located to the west of the mineralisation and from the Decline, located to the east. Diamond Drilling commenced in late April, from the Decline to define east dipping breccia zones within the dyke, and from the Hanging Wall Drill Drive on the 1410 Access (positioned to the west) to define west dipping breccia zones and veins within the dyke. The drilling campaigns outlined in the March Quarterly Report consisted of Four Phases representing four target areas within the mine. This announcement details the results from drilling of the First Phase – Drill Target 1 – immediately below the 1410 Crosscut area. | |
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