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Berkut Minerals Ltd.
Summary
| Project: | Cairn Hill | |
|---|---|---|
| Deposit: | Cairn Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2016: Berkut Minerals Ltd. announces an Exploration/Drilling Update report for its Cairn Hill deposit at the Cairn Hill project. Drilling results incl. 10.5m @ 8.1g/t Au from 30.5m. Berkut Minerals Limited (Berkut) is pleased to announce results fro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ben Cairns (Internal) | |
| ABSTRACT: | Berkut Minerals Limited (Berkut) is pleased to announce results from its maiden diamond drilling program at the Cairn Hill Gold Project (“Project”) in the Ashburton Region of Western Australia. The four hole, 480m diamond drilling program was designed to confirm the presence and style of high grade gold at the Project. Significant intersections from the recent Berkut drilling program are summarised in Table 1. Hole CHD003 was designed to confirm the location of the historic intersection in CHR007. Hole CHD004 tested continuity on a small step out on this shallow high grade mineralised intersection (Figure 1). Both holes yielded high-grade gold, surrounded by a broader mineralised envelope. The high-grade gold in CHD003 was coincident with strong quartz veining (Figure 2). CHD004 was dominated by limonitic, highly weathered sediments with stringer quartz veins present (Figure 3). The results confirm the style of mineralisation targeted and illustrate the potential for a shallow, high-grade gold deposit at Cairn Hill. The company is excited at the opportunity that these results present. Future exploration work is currently being planned and is expected to include shallow, low cost, reverse circulation drilling, aimed at rapidly defining strike and plunge extensions of the high-grade mineralisation. A follow-up RC drilling program is expected to commence towards the end of the first quarter of 2017. | |
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