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Anglo Australian Resources NL
Summary
| Project: | Feysville | |
|---|---|---|
| Deposit: | Think Big | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-4-2018: Anglo Australian Resources NL announces an Exploration/Drilling Update report for its Think Big deposit at the Feysville project. Drilling results incl. 20m @ 3.96g/t Au from 36m. 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. Highlights High-grade gold assay results received thus far from the recent fourth-round reverse circulation (“RC”) drilling campaign at Feysville, as well as outstanding third-round results, include: Fourth-Round RC Drilling Campaign Update Anglo Australian has recently completed its fourth-round RC drilling campaign at Feysville. The campaign involved the drilling of 27 holes, 20 at Think Big and 7 at Saintly, for an aggregate of 2,983 metres, or an average of approximately 110 metres per hole1 . A map illustrating the location of Think Big and Saintly with respect to the Ethereal Shear Zone, as well as key drilling information, is set out in Figure 1. At Think Big, the campaign involved infill drilling on a 40 x 20 metre grid pattern with the dual objectives of confirming the continuity of supergene gold mineralisation and better defining the orientation of bedrock gold mineralised trends. At Saintly, the campaign involved seven holes to follow up on the recent discovery hole FRC051 where supergeneenriched gold mineralisation of 21 metres @ 2.47g/t Au from 20 metres was identified2 . This included both a scissor hole and a hole below FRC051 to confirm the structural orientation. The Company is now in receipt of 4 metre composite assay sample results in respect of five holes at Think Big and five holes at Saintly, as well as 1 metre assay sample results for a further three holes at Think Big. Receipt of assay results from the remaining fourth-round campaign drill holes is understood to be imminent. Meanwhile, the Company is also now in receipt of assay results for the outstanding one metre samples in respect of the earlier third-round RC campaign. | |
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