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Andromeda Metals Ltd.
Summary
| Project: | Drummond | |
|---|---|---|
| Deposit: | Bunyip | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-4-2018: Andromeda Metals Ltd. announces an Exploration/Drilling Update report for its Bunyip deposit at the Drummond project. Drilling results incl. 2m @ 4.36g/t Au from 8m. The drill program, which totalled 23 reverse circulation drillholes for 1906 m | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris Drown (Drown Geological Services Pty Ltd.) | |
| ABSTRACT: | The drill program, which totalled 23 reverse circulation drillholes for 1906 metres, is now complete and the Company is pleased to report final results. Further gold mineralisation was intersected in a number of the later program holes, however intersection grades were below those achieved in the initial holes. Taken in its entirety, the drilling program confirmed the presence of potentially significant epithermal gold mineralisation at Bunyip, with the better results all achieved in holes testing a specific part of the prospect, presenting a geographic focus for follow-up exploration. The Company’s Drummond Epithermal Gold Project comprises four wholly owned, granted Exploration Permits for Minerals (EPM’s) that secure a total area of 523km2 in the gold prospective Drummond Basin in north Queensland. The Drummond Basin hosts a number of gold deposits of epithermal style including Pajingo (>3.0Moz), Wirralie (1.1Moz), Yandan (0.5Moz), Mt Coolan (0.5Moz) and Twin Hills (0.33Moz). The Bunyip prospect is located on EPM 25660 which captures part of a prospective area the Company has named the Glenroy Field (Figure 1). On 23 March 2018 the Company announced positive early assay results from the first seven reverse circulation holes drilled to test the Bunyip gold prospect, located on EPM 25660. Results reported on 23 March included: | |
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