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AuStar Gold Ltd.
Summary
| Project: | Rose of Denmark | |
|---|---|---|
| Deposit: | Rose of Denmark | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-3-2018: AuStar Gold Ltd. announces an Exploration/Drilling Update report for its Rose of Denmark deposit at the Rose of Denmark project. Drilling results incl. 24.2m @ 3.04g/t Au from 0.5m. AuStar Gold Limited (ASX: AUL) (‘AuStar’ or ‘the Company’) pro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Cahill (Not stated) | |
| ABSTRACT: | AuStar Gold Limited (ASX: AUL) (‘AuStar’ or ‘the Company’) provides the following update in relation to its current drilling program at the Rose of Denmark gold mine. CEO Mr Tom de Vries said “This is the fourth in a series of announcements since January 2018, reporting high grade gold assays from our drill program at Rose of Denmark mine. The continued success of the drilling program provides the Company with increasing confidence in its ability to identify a number of high grade gold zones from this mine. This is consistent with our broader strategy to develop multiple ore sources within our extensive tenement holdings in the Walhalla to Woods Point gold district.” ROD018 and ROD019 were drilled on a north south trajectory in order to traverse the large engine room dyke bulge (see figure 4). Consistent and significant sulphide mineralization was observed along with high quartz percentages including several hydrothermal breccia zones not observed in the narrow zone of the dyke. Significant runs of anomalous mineralization were encountered which may signify a shoot within the bulge. This is very encouraging as the early miners deemed the Dyke bulge as uneconomic and it is possible that an economic ore block could exist within the bulge based on bulk mining costs available today. | |
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