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Arrow Minerals Ltd.
Summary
| Project: | Barlee | |
|---|---|---|
| Deposit: | T8 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-5-2018: Arrow Minerals Ltd. announces an Exploration/Drilling Update report for its T8 deposit at the Barlee project. Drilling results incl. 57m @ 0.16g/t Au from 0m. Arrow Minerals Limited (Arrow) is pleased to announce the maiden aircore drilling pro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dean Tuck (Internal) | |
| ABSTRACT: | Arrow Minerals Limited (Arrow) is pleased to announce the maiden aircore drilling programme over the T8 Prospect at the Strickland Gold Project has intersected bedrock gold mineralisation in multiple adjacent drill lines over a 1.8km strike length (Figure 1). The T8 Prospect remains open to the south along a mineralised structure. End of hole analysis has identified zones of highly elevated pathfinder elements (As-Sb-Bi-Mo-W) associated with the key gold-bearing structures. Such highly elevated pathfinder elements (>10x crustal abundance) indicate the presence of a large, well-developed gold mineral system. Arrow has now completed wide spaced drilling at the T6 Prospect, approximately 12km north-west of the T8 Prospect. A total of 394 aircore holes were drilled for 7,931m (average hole depth of 20m) on an initial 400m x 80m spacing, with drill spacing over prospective structures and geological contacts reduced to 40m. Assay results are expected to be received by the first week of June 2018. Commenting on the T8 drill results, Arrow’s Managing Director, Mr Steven Michael, said: “Arrow is rapidly advancing its exploration activities at the 100%-owned Strickland Gold Project, with the first major gold drilling programme ever undertaken in the area. The results from the first of four prospects to be drilled have confirmed bedrock gold mineralisation over a strike length of 1.8km with the prospect remaining open to the south. This is a very exciting result for Arrow, with the first strike-extensive, drill tested, bedrock gold anomaly. The footprint at T8 (1.8km x 400m) is of a similar size to maiden aircore and RAB drill results from the Lake Roe (Breaker Resources 1 ) and Gruyere (Gold Road 2 ) gold deposits. | |
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