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Ark Mines Ltd.
Summary
| Project: | Mt Porter | |
|---|---|---|
| Deposit: | Mt Porter | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-3-2017: Ark Mines Ltd. announces an Exploration/Drilling Update report for its Mt Porter deposit at the Mt Porter project. Drilling results incl. 5m @ 4.13g/t Au from 12m. The Board of Ark Mines Ltd (ASX: AHK) is pleased to provide an update on the ongo | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger Jackson (Internal) | |
| ABSTRACT: | The Board of Ark Mines Ltd (ASX: AHK) is pleased to provide an update on the ongoing exploration activities on its Mt. Porter deposits in the Pine Creek region of the Northern Territory, Australia. AHK has now completed the first phase of an RC program, comprising 27 holes (and 948m), targeting the Mt Porter South deposit. The purpose of this work is to supplement the Mt. Porter Central deposit. The drill programme was designed in November 2016 after investigation of the historic drill data set indicated there may be some potential for near surface gold deposits within 200m along strike of the Mt. Porter pit design within ML23839, to both North and South. Drilling results and analysis to date indicate the Mt. Porter South deposit is shallow and is likely to have a low strip ratio when mined. Furthermore, it is expected to be predominately oxide and should have higher recoveries. The results give a strong indication AHK has a commercial, shallow oxide pit, mineable after Mt. Porter Central. AHK is aiming to commence mining Mt. Porter Central in Q2 2017 and intends to lodge (and have approved) as soon as is practicable an MMP for South, so it can be mined directly after Central. | |
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