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Anglo Australian Resources NL
Summary
| Project: | Feysville | |
|---|---|---|
| Deposit: | Think Big | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-3-2018: Anglo Australian Resources NL announces an Exploration/Drilling Update report for its Think Big deposit at the Feysville project. Drilling results incl. 21m @ 2.47g/t Au from 20m. Anglo Australian Resources NL (“Anglo Australian” or the “Compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Otterman (DW Otterman Exploration Consultant) | |
| ABSTRACT: | Anglo Australian Resources NL (“Anglo Australian” or the “Company”) is pleased to provide the following update in relation to its Feysville Gold Project, Western Australia. The Company is now in receipt of 4 metre composite assay sample results in respect of the third-round RC drilling campaign referred to above, and partial 1 metre sampling for FRC051 and FRC054. Anglo Australian is pleased to report that, in FRC051, a shallow supergene-enriched gold zone of 21m @ 2.47g/t Au from 20 metres has been identified. Insofar as this gold zone would seem quite separate from mineralisation identified at Think Big, at its nearest, some 800 metres to the south-west, the Company deems this a new discovery which is to be designated “Saintly” (continuing the theme of naming prospects at Feysville after Melbourne Cup winners; Saintly won in 1996). Saintly is located close to an interpreted jog in the Ethereal Shear Zone where the strike changes from a northwest to west-north-west orientation. Such structural positions are considered favourable for penetration by goldmineralised fluids. It is noted that the intersection in FRC051 is on the northernmost drill section of the third-round RC drilling campaign and hence Saintly remains open to the north. Moreover, insofar as the Ethereal Shear Zone is untested between Saintly and the Ethereal Prospect itself, some 1.5 kilometres to the west-north-west, this area is considered to be highly prospective. In FRC059, a new primary zone of gold mineralisation encompassing 4m @ 3.96g/t from 68 metres has also been identified | |
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