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Canterbury Resources Ltd.
Summary
| Project: | Ekuti Range | |
|---|---|---|
| Deposit: | Ekoato | |
| Location: | Papua New Guinea | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 7/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-7-2019: Canterbury Resources Ltd. announces an Exploration/Drilling Update report for its Ekoato deposit at the Ekuti Range project. Drilling results incl. 18.0m @ 6.23ppm Au, 13.0ppm Ag, 0.18% Cu, 0.8ppm Mo from 164.0m. Canterbury Resources Limited (A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Erceg (Internal) | |
| ABSTRACT: | Canterbury Resources Limited (ASX: CBY) is pleased to provide further assay results from its four-hole scout drilling program at the Ekoato copper-gold project in Papua New Guinea. Significantly, this includes a highgrade result in EK004 of 18.0m at 6.23g/t Au, 13.0g/t Ag and 0.18% Cu from 164m down hole. Assays are pending from 199.0m to the end of hole (EOH) at 329.6m. EK004 is testing beneath the Tobias artisanal gold workings and a major shear zone has been intersected from approximately 165m to 180m comprising metasediments, clay (fault gouge) and coarse sulphides. The shear zone occurs approximately 120m vertically beneath the shear hosting the Tobias artisanal gold workings and is interpreted as the downward extension of that shear or a related splay. It also marks the boundary between intact metasediments up-hole and hydrothermally brecciated metasediments which continue to the end of the hole. The collar of EK004 was moved from its original planned site due to geotechnical issues. As a result, the drill hole is not orthogonal to the regional structural grain of NW-SE and the significant assay interval reported does not represent a true width. Mapping of structures at surface indicate mineralised shears at Ekoato commonly strike between NW and N, and the orientation of the shear intersected in EK004 is unknown. | |
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