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Bligh Resources Ltd.
Summary
| Project: | Bundarra | |
|---|---|---|
| Deposit: | Wonder North Deeps | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-11-2018: Bligh Resources Ltd. announces an Exploration/Drilling Update report for its Wonder North Deeps deposit at the Bundarra project. Drilling results incl. 28m @ 3.0g/t Au from 342m. Bligh Resources Limited (ASX: BGH) (“Company”) is pleased to repo | |
| Resources: | (Resource, Total): 8.2Mt @ 2.2g/t Au for 580Koz Au contained | |
| CP/QP: | [Overall Report]: Mark Gunther (Eureka Geological Services) | |
| ABSTRACT: | Bligh Resources Limited (ASX: BGH) (“Company”) is pleased to report drill results from the recently completed program at its 100% owned Bundarra Gold Project near Leonora. The four deep hole drilling program which comprised of nominally 260 metre RC pre‐collars followed by NQ diamond tails up to 255 metres in length was located at the Wonder North deposit and was designed to target extensions to the Wonder North Deeps mineralisation. Details of significant drilling intercepts are given in Table1. All four holes achieved their objective in intersecting the fault/shear hosted, gold‐bearing lode down plunge up to 100 metres below previous drilling. The step out program has 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 Mineralisation remains open both along strike and down dip (Figures 1 to 4). Future Work The Company’s future plans include updating the resource model, positioning prospective holes for a further drill program and an internal study of the underground mining potential of Wonder North Deeps. The Company looks forward to providing further updates as work progresses. The Bundarra Gold Project lies within the Norseman‐Wiluna greenstone belt of the Archaean Yilgarn Craton, approximately 65km north of Leonora in the Eastern Goldfields region of Western Australia. Currently there are four significant operating gold processing plants within 100 km radius of the project (Figure 5). The project covers an area of 26.57 km2 and consists of five Mining Leases, five Prospecting Licences and one Miscellaneous Licences. To date, more than 6,675 holes have been drilled with an accumulated drill depth of more than 210,000m. The project hosts a JORC 2012 compliant Mineral Resources Inventory estimated to contain 8.2 million tonnes at 2.2 g/t Au for a total of 580,000 ounces of gold across five deposits (BGH ASX announcement 4 May, 2018). Refer to table 1 for details on resource inventory. | |
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