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Aldoro Resources Ltd.
Summary
| Project: | Penny South | |
|---|---|---|
| Deposit: | Penny South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/26/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-6-2020: Aldoro Resources Ltd. announces an Exploration/Drilling Update report for its Penny South deposit at the Penny South project. Drilling results incl. 3m @ 2.75g/t Au from 221m. Aldoro Resources Limited (“Aldoro” or “Company”) is pleased to updat | |
| Resources: | x | |
| CP/QP: | [Overall Report] Caedmon Marriott (Internal) | |
| ABSTRACT: | Aldoro Resources Limited (“Aldoro” or “Company”) is pleased to update shareholders on the results of the 1m interval sampling from the recent reverse circulation (RC) drilling program at the Company’s Penny South Project. A total of 113 individual 1m samples were selected and assayed based on the results of the 4m composite samples (ASX, Penny South RC Results, 28 May 2020) and a review of the geological logging. Samples were collected from holes APSRC001 (29 samples), APSRC002 (20), APSRC005 (4), APSRC006 (6), APSRC009 (4), APSRC015 (38), APSRC020 (4) and APSRC026 (4). The samples were analysed for gold by fire assay (see Appendix 3 JORC Table for details). Significant intersections are summarised in Table 1 below, with results quoted at a cut-off grade of 0.25g/t Au (see Appendix 2 Mineralised Intersection Summary). The assay results show a number of interesting intersections of up to 6.7g/t Au (APSRC026). The intersections extend across multiple drill lines in the southern target area. These drill holes targeted the contact between the N-S trend of the Penny West Shear, inferred from a mafic schist unit observed in historic drill logs, and a granodiorite unit, outlined by the Company’s January aircore (AC) drilling. Whilst this initial RC program was quite widely spaced the results appear to show a mineralised structure extending for a strike length of over 400m, open in all directions. | |
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