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Carawine Resources Ltd.
Summary
| Project: | Jamieson | |
|---|---|---|
| Deposit: | Hill 800 | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Zinc | |
| Date: | 2/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2020: Carawine Resources Ltd. announces an Exploration/Drilling Update report for its Hill 800 deposit at the Jamieson project. Drilling results incl. 11m @ 9.87g/t Au, 0.3% Cu, 14.6g/t Ag from 179m. Gold and base metals explorer Carawine Resources L | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Micheal Cawood (Internal) | |
| ABSTRACT: | Gold and base metals explorer Carawine Resources Limited (“Carawine” or “the Company”) (ASX:CWX) today announced the discovery of a new high-grade gold and copper zone at Hill 800 with an outstanding assay interval from the current diamond drilling program. Hill 800 is an advanced gold-copper prospect within Carawine’s 100%-owned Jamieson Project located in northeast Victoria. The assay results are from the first diamond drill hole of the current program, targeting the down-dip and along-strike extents of porphyry-related mineralisation at Hill 800 (Figure 2). This latest interval, exceeding 100 gram-metres gold, with high copper and unusually high silver grades, is from a new semi-massive sulphide lens about 50m to the west of the main mineralised zone at Hill 800. It is open down-dip and along strike into areas untested by drilling (Figures 2 to 4). Managing Director Mr David Boyd said these latest results have expanded the mineral system at Hill 800, with a potentially significant new zone of very high-grade gold and copper mineralisation identified. “This is just the first hole of our current program exploring the depth extents of Hill 800, and we are yet to define the edges of the mineral system. We have established that the host rocks and mineralising fluids were likely sourced from a fertile copper-gold porphyry system, and that the more we drill the more we grow the potential size and grade of the deposit,” Mr Boyd said. “It is therefore exciting to think what the rest of this program will deliver in terms of grade and mineralisation styles, and we look forward to presenting those results as they are received.” | |
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