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Anglo Australian Resources NL
Summary
| Project: | Feysville | |
|---|---|---|
| Deposit: | Feysville | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-1-2017: Anglo Australian Resources NL announces an Exploration/Drilling Update report for its Feysville deposit at the Feysville project. Drilling results incl. 13m @ 8.31g/t Au from 24m. Anglo Australian Resources NL (ASX:AAR) is pleased to advise tha | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Otterman (DW Otterman Exploration Consultant) | |
| ABSTRACT: | Anglo Australian Resources NL (ASX:AAR) is pleased to advise that the first round of aircore drilling at its Feysville Gold Project has been completed with significant gold assay results received. 70 holes (FVA001 – 070) were drilled for a total of 1764 metres, with an average hole depth of 25.2 metres. All holes were drilled at -60° towards 230°, perpendicular to the regional strike of the geology. All holes were drilled to blade refusal; however, on occasions, the AC hammer was used to penetrate quartz veining. The program was based on interpretations of the detailed ground magnetic data collected in 2016. A major structural corridor – the Ethereal Shear Zone – was identified. Little previous drilling had been undertaken over this key structural feature which hosts multiple targets (Figure 1). In respect of the Ethereal Shear Zone, drill traverses were completed at 400 metre intervals with holes spaced mainly at 50 metres along the lines. The broad drill spacing was aimed at defining gold-in-regolith anomalism to confirm the potential of the structure to host significant bedrock gold mineralisation. Drill results define a coherent anomalous zone within the interpreted structural corridor parallel to the regional fault zone that hosts the gold-endowed Rogan Josh and Dalray Prospectsto the east. Anomalous gold results have been defined over a minimum strike length of 1200 metres and up to 300m in cross-strike width, with the zone still open to the north and south. | |
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