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Anglo Australian Resources NL
Summary
| Project: | Feysville | |
|---|---|---|
| Deposit: | Feysville | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-8-2017: Anglo Australian Resources NL announces an Exploration/Drilling Update report for its Feysville deposit at the Feysville project. Drilling results incl. 4m @ 2.377g/t Au from 36m. Anglo Australian Resources NL (“Anglo Australian” or the “Company | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Otterman (DW Otterman Exploration Consultant) | |
| ABSTRACT: | Anglo Australian Resources NL (“Anglo Australian” or the “Company”) (ASX: AAR) is pleased to provide the following update in relation to its Feysville Gold Project and, in particular, the Company’s recently identified Think Big prospect. On 13 June 2017, the Company commenced a third round aircore drilling campaign, the aim of which was to further define the Think Big Prospect identified through the second round aircore campaign undertaken in May 2017, as well as evaluate other Feysville targets. Results of this campaign are summarised in Table 1. Of the drilling undertaken during the third round aircore campaign, 17 holes were drilled at Think Big for an aggregate of 598 metres. Drilling traverses were positioned perpendicular to the strike of the shear zone with holes drilled at -60° towards 230° or 50°. All holes were drilled to blade refusal; however, on occasions, the AC hammer was used to penetrate harder rock. The third round aircore campaign successfully extended the Think Big prospect to the south and further defined the geometry of supergene and bedrock gold anomalism. The anomaly is hosted by pyritic felsic porphyry and felsic volcaniclastic sediments proximal to a shear bounded ultramafic contact to the west. Results suggest that en echelon structures possibly control the gold mineralisation; however, further drilling is required to confirm this interpretation. | |
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