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AuStar Gold Ltd.
Summary
| Project: | Rose of Denmark | |
|---|---|---|
| Deposit: | Rose of Denmark | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-1-2018: AuStar Gold Ltd. announces an Exploration/Drilling Update report for its Rose of Denmark deposit at the Rose of Denmark project. Drilling results incl. 8.9m @ 11.47g/t Au from 0m. AuStar Gold Limited (ASX: AUL) (‘AuStar’ or ‘the Company’) provi | |
| 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 “These further excellent high gold grade assay results from our Rose of Denmark (‘RoD’) drilling program continue to confirm our belief in the prospectivity of this mine. Significant visible gold and the accompanying assay values are in line with geological expectations and have significantly increased the confidence the Company has in this project. The results all sit within significant zones of mineralisation and the program is developing a database that will allow progression to the next stage in assessment. All in all, it is very encouraging, drilling is ongoing and further assays are pending Historical gold production at Rose of Denmark totaled approximately 37,000 ounces at 12.5 g/t and was sourced from both within the near surface adit and from a deeper production shaft (~200m deep). The current drilling will assist the Company gain a clearer understanding of the geology and structures controlling the gold mineralization which in turn will assist mine development design to reflect higher grade zones identified from this phase of drilling as well as historical data. The size of the drill program is 500 to 600m of drilling, designed to be drilled in the dyke 20m above and 30m below the adit level, as a first phase of drilling (refer to figure 1). | |
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