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Anova Metals Ltd.
Summary
| Project: | Big Springs | |
|---|---|---|
| Deposit: | South Sammy, Beadles Creek | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/3/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-11-2016: Anova Metals Ltd. announces an Exploration/Drilling Update report for its South Sammy, Beadles Creek deposit at the Big Springs project. Drilling results incl. 18.3m @ 6.2g/t Au from 140.2m. Anova Metals Limited (ASX: AWV, “Anova Metals or Comp | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lauritz Barnes (Trepanier Pty. Ltd.) | |
| ABSTRACT: | Anova Metals Limited (ASX: AWV, “Anova Metals or Company”) is pleased to announce the first assay results from the recently commenced 12‐month drill program at its 100% owned Big Springs project in north‐eastern Nevada, USA (refer Figure 3 below). The initial program has focused on drilling at the South Sammy and the Beadles Creek deposits. For the South Sammy (601) holes, AWV16‐055 passed through six mineralised horizons (Figure 1). The shallowest intersection of 4.6m @ 9.6g/t Au has extended a known mineralised horizon a short distance with high‐grade result. More importantly, the three deepest intersections (Table 1) extend or are outside known mineralised horizons and have potential to increase the current 601 resource. The final hole of the South Sammy program for 2016 is currently in progress and aims to test this target area. Results received for two other holes at the 601 Zone received minor anomalous results but not significant gold‐bearing intersections. Geological and geotechnical logging identified a fault zone that appears to have offset the target mineralised shoot. Once results of all holes drilled at the 601 Zone for 2016 are received, the geological and mineralisation models will be updated and drilling targets defined for 2017. The drilling at Beadles Creek was designed to test up‐dip and down‐dip of a high‐grade mineralised shoot (Figure 2). The results received to date for one of the down‐dip holes (AWVBC16‐002) was 18.3m @ 6.2g/t Au indicating strong continuity down‐dip. Results for the two up‐dip holes to date (AWVBC16‐001 and AWVBC16‐003) again show anomalous gold but contain thinner high‐grade intersections to the south‐west. This may be explained by a shallower plunge to the shoot. Two further holes have just been drilled to test the up‐dip portion to the north‐east with assays expected in late November. Results are also pending for two further holes drilled down‐dip. | |
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