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Barra Resources Ltd.
Summary
| Project: | Phillips Find | |
|---|---|---|
| Deposit: | Truth | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-1-2019: Barra Resources Ltd. announces an Exploration/Drilling Update report for its Truth deposit at the Phillips Find project. Drilling results incl. 20m @ 0.90g/t Au from 0m. In line with its gold strategy, Barra Resources Limited (Barra, the Compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gary Harvey (Internal) | |
| ABSTRACT: | In line with its gold strategy, Barra Resources Limited (Barra, the Company) has completed a first pass 338 hole, 9,669m Air Core (AC) drilling program at the Truth target area, within its Phillips Find Gold Project, 50km north of Coolgardie, Western Australia (Figure 1). The AC drilling program, designed to be a broad spaced first pass test of the 6km x 1.5km Truth target area, successfully intersected multiple zones of low-level gold anomalism over the target area as shown on Figure 2. Several trends were defined parallel to and associated with weathered bedrock structures along the strike extension of the Phillips Find Mine Sequence geology (Figure 2,3). The Phillips Find Mine Sequence hosts three open-pit mines at the Phillips Find Mining Centre (PFMC), which has produced a combined 33,000oz of gold to-date. Several new targets have now been identified along strike of the PFMC which now require prioritisation before further follow-up infill AC drilling and testing for mineralisation at depth with Reverse Circulation (RC) drilling. Prior to the drilling program the Truth target was defined by a convalescence of intense structural deformation interpreted by mapping and coincident multi-element auger geochemical anomalism both completed in 2017. The location of key lithostratigraphy and structural continuity was not known at a scale required to identify deeper drilling targets. The current work has provided this necessary resolution and provided visibility to the bedrock geology. The broad spaced program was designed to penetrate only the regolith profile by drilling until blade refusal was encountered at the bedrock interface and test for gold dispersion bleeding off potentially mineralised bedrock structures. In this regard, the program exceeded the Company’s expectations with several broad zones of low-level gold anomalism encountered and associated with deeply weathered structures and favourable PFMC Mine Sequence geology. In contrast to the PFMC however where the gold deposits daylighted at surface, most of the Truth target area is obscured by recent alluvial cover and weathering up to 50m depth. Another exciting outcome of the program is that a high proportion of gold anomalism encountered was located beneath recent multi-element auger geochemical anomalism in deeply weathered regolith, and in areas not previously drilled. Barra’s Managing Director and | |
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