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Aphrodite Gold Ltd.
Summary
| Project: | Aphrodite | |
|---|---|---|
| Deposit: | Aphrodite | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 29-11-2016: Aphrodite Gold Ltd. announces an Exploration/Drilling Update report for its Aphrodite deposit at the Aphrodite project. Drilling results incl. 60m @ 3.4g/t Au from 112m. Aphrodite Gold Limited (“Aphrodite” or “the company”) wishes to provide a | |
| 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. The resource drilling program has been completed with assays for the final 6 holes pending. The focus of the program was on the oxide and transition zones within the modelled resource and February 2016 Entech optimised open pit. Some drill holes were extended into the gold bearing primary sulphide mineralisation to provide confirmation of earlier reverse circulation drilling results and additional drilling density. Significant transition zone mineralisation was intersected in APD1329 of 53m @ 1.89 g/t gold from 70m including 6.2m @ 5.67 g/t gold from 84.8m (Figure 1). The mineralisation intersected was shallower and extended to a greater depth than had been previously modelled based on Reverse Circulation (RC) drilling. Significant mineralisation was also intersected within APD1341 (Figure 2) of 12.8m @ 1.68g/t gold from 63.7m. This intersection demonstrated that the mineralisation is continuous between the previously modelled horizontal supergene mineralisation and then near vertical transition and primary mineralisation. The recent exploration, resource infill and metallurgical drill hole intersections received to date are summarised in Table 1. Previously reported results are in Appendix 2 and include results from APD1326 and APD1328 which intersected transition zone mineralisation of 49.7m @ 2.0g/t gold from 54m and 25m @ 2.0g/t from 74m respectively as reported in the Quarterly report dated 28 October 2016. | |
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