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Bligh Resources Ltd.
Summary
| Project: | Bundarra | |
|---|---|---|
| Deposit: | Wonder North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-12-2018: Bligh Resources Ltd. announces a Resource Estimation report for its Wonder North deposit at the Bundarra project. Updated mineral resource estimate at Wonder North. Bligh Resources Limited (ASX: BGH) (“Company”) is pleased to report the result | |
| Resources: | (Resource, Total): 9.67Mt @ 2.1g/t Au for 660Koz Au contained at Bundarra | |
| CP/QP: | [Resources]: Dmitry Pertel (CSA Global Pty Ltd.) | |
| ABSTRACT: | Bligh Resources Limited (ASX: BGH) (“Company”) is pleased to report the results from a recent drilling program have been incorporated into the Company’s data base and an updated Mineral Resource estimate for Wonder North deposit and Bundarra Project has been completed by consultants CSA Global Pty Ltd (CSA Global) (Table 1 to 4). Since the last publicly reported Mineral Resource estimate by CSA Global in April 2018, the company has completed a step-out drilling program, comprising an additional four NQ diamond core tailed drill holes at Wonder North Deposit (Figure 1 & 2). 4. The four-hole step-out drill program (i.e. BDRC004 to 007) tested the potential down plunge component of the Wonder North Deeps mineralisation on a nominal 40 m along strike by 100 m down dip spacing. Recent drilling tested the ore shoot at depth over an approximate total strike length of 200 m. Drill holes comprised of approximately 260 metre RC pre-collars followed by NQ diamond core tails up to 255 metres in length and were designed to target extensions to the Wonder North Deeps mineralisation. All four holes intersected the main fault/shear hosted, gold-bearing lode down plunge up to 100 metres below previous drilling. The step-out drill program confirmed that significant widths and grade of gold mineralisation extend continuously from the base of the Wonder North pit to 450 metres plus down plunge to the southeast. Mineralised intercepts up to 28 metres @ 3.0 g/t from 342 m, including 4 m @ 5.8 g/t were returned from the recent deep drilling (Bligh ASX announcement, 1st November 2018). Mineralisation remains open both along strike and down dip. (Figures 1 & 2) Mineral Resource Update This Mineral Resource update incorporating the latest step-out drilling at Wonder North Deeps has seen an overall increase in ounces at both the Wonder North Resource and the Bundarra Project Global resource inventory of 80,000 ounces (i.e. an increase of 21% & 14% respectively, table 1 & 2). It has delineated a further 1.5 Mt of resource at Wonder North increasing its overall tonnage by 29% giving an updated estimate of 6.5 Mt @ 2.2 g/t for 470,000 ounces (Table 2). This increased tonnage has resulted in an overall Global increase of 18% giving a total resource inventory for the Bundarra Project of 9.7 Mt @ 2.1 g/t for 660,000 ounces of gold (Table 1 & 4). | |
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