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Aphrodite Gold Ltd.
Summary
| Project: | Aphrodite | |
|---|---|---|
| Deposit: | Aphrodite | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/18/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-10-2016: Aphrodite Gold Ltd. announces an Exploration/Drilling Update report for its Aphrodite deposit at the Aphrodite project. Drilling results incl. 49.7m @ 2.0g/t Au from 54m. Aphrodite Gold Limited (“Aphrodite” or “the company”) wishes to provide | |
| Resources: | (Resource, I+I): 28.7Mt @ 1.5g/t Au for 1.4Moz Au contained | |
| CP/QP: | [Overall Report]: Eduard Eshuys (Not stated) | |
| ABSTRACT: | Aphrodite Gold Limited (“Aphrodite” or “the company”) wishes to provide a further update to their Pre-feasibility drill program. The board and management are greatly encouraged by the results to date. The drilling program continues to achieve core recovery > 95% thus providing reliable samples for assay and metallurgical testwork with particular emphasis on the oxide and transition zones of mineralisation. Previous metallurgical testwork indicated that acceptable metallurgical recoveries could be achieved by conventional CIL/CIP processing of the oxide/transition zone mineralisation. Exploration drill hole APRD1325 intersected 23m @ 1.3g/t gold from 329m confirming the results from SCRC387D drilled in 1999, extending the mineralisation at depth by 30 metres and suggesting that the mineralisation is increasing in thickness with depth.(Figure 1) The above intersection included higher grade zones of 5m @ 3.6g/t gold from 329 and 2m @4.5 g/t gold from 413m. The sulphide associated gold mineralisation is hosted by highly altered Black Flag Group sediments at the contact with the mafic volcanic to the west. The alteration zone within the Black Flag group extends for 300m above the contact. The focus of the resource drilling is on the oxide and transition zones within the modelled resource and February 2016 Entech optimised open pit. Some drill holes are extending into the gold bearing primary sulphide mineralisation to provide confirmation of earlier reverse circulation drilling results. Significant transition zone mineralisation was intersected in APD1326 of 49.7m @ 2.2 g/t gold from 54m including 10m @ 4.2 g/t gold from 61m and 5.2m @ 6.6 g/t gold from 98.5m | |
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