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Aphrodite Gold Ltd.
Summary
| Project: | Aphrodite | |
|---|---|---|
| Deposit: | Aphrodite | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 22-9-2016: Aphrodite Gold Ltd. announces an Exploration/Drilling Update report for its Aphrodite deposit at the Aphrodite project. Drilling results incl. 28m @ 4.8g/t Au from 169m. Aphrodite Gold Limited (“Aphrodite” or “the company”) wishes to advise tha | |
| 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 advise that the first gold assays from diamond drill hole APD1324 have been received. They include 28m @ 4.8g/t from 169m compared with an earlier adjacent reverse circulation hole APR1227 which intersected 21m @ 1.6g/t from 152m. The exploration and pre‐feasibility program outlined in ASX release, Quarterly Activities Report 22nd July 2016, commenced in mid‐August 2016 on schedule, with 2 drill rigs. Figure 1 shows the location of the drill holes to be completed during the drill program. To date a total of approximately 1500m has been completed; predominately diamond core drilling comprising of 1 exploration hole to 500m, 2 resource infill holes and 3 metallurgical holes out of a total of 3 exploration holes, 23 resource holes and 7 metallurgical holes respectively. The exploration hole APRD1325 followed up a previous intersection of 52m @ 1.4g/t from 308m at Phi North 300m north of the modelled resource. The hole has intersected the mineralised sequence and results are pending. A second exploration hole, APRD1327, 160 metres further north is underway. The results of the first resource hole APD1324 are illustrated in Fig 2, with the best result 28m @ 4.8g/t from 169m. This compared with 21m @ 1.6g/t from 152m intersected in earlier RC drill hole APR1227. Intersections with the oxide/transition zone of 2m @ 2.3g/t from 75m and 4m @ 1.3g/t from 87m confirmed the grades from earlier drilling (Table 1). | |
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