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Bligh Resources Ltd.
Summary
| Project: | Bundarra | |
|---|---|---|
| Deposit: | Bundarra | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-5-2018: Bligh Resources Ltd. announces a Resource Estimation report for its Bundarra deposit at the Bundarra project. Updated mineral resource estimate at the project. Bligh Resources Limited (ASX: BGH) (“Company”) is pleased to report the results from | |
| Resources: | (Resource, Total): 8.2Mt @ 2.2g/t Au for 580Koz Au contained | |
| CP/QP: | [Resources]: Steve Rose (CSA Global Pty Ltd.) | |
| ABSTRACT: | Bligh Resources Limited (ASX: BGH) (“Company”) is pleased to report the results from recent diamond and RC drilling have been incorporated into the Company’s data base and an updated Mineral Resource estimate has been completed by consultants CSA Global Pty Ltd (CSA Global) (Table 1 & 2). Since the last publicly reported Mineral Resource estimate by CSA Global in December 2016, the company has completed two drilling programs, comprising an additional 17 drill holes, 15 of which have been drilled at the Wonder North deposit and the remaining two at the Bluebush deposit. Of this drilling four RC holes have resulted in relatively shallow extension to the Wonder North resource along strike to the northwest. These were part of a program of holes drilled in late 2016. A further five holes have continued to delineate the down plunge extent of the high-grade Wonder North lode. Two of these holes are RC and completed in the late 2016 program while the remaining three are RC with diamond tail holes completed in late 2017 (Figure 1 & 2). The majority of the increased resource upgrade comes from high-tenor gold drill intersections located up to 100 metres below the previous resource outline at the Wonder North deposit. The high-grade mineralisation at Wonder North has been defined over a strike length of 150 metres and remains open both at depth and along strike to the southeast. Wonder North provides the Company with a significant target for future drilling programs (Figure 2). | |
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