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Carawine Resources Ltd.
Summary
| Project: | Jamieson | |
|---|---|---|
| Deposit: | Hill 800 | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Zinc | |
| Date: | 2/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-2-2019: Carawine Resources Ltd. announces an Exploration/Drilling Update report for its Hill 800 deposit at the Jamieson project. Drilling results incl. 6m @ 4.54g/t Au, 0.3% Cu from 270m. Gold and base metals explorer Carawine Resources Limited (“Caraw | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Micheal Cawood (Internal) | |
| ABSTRACT: | Gold and base metals explorer Carawine Resources Limited (“Carawine” or “the Company”) (ASX:CWX) has announced highly significant results from the first hole of its Phase 2 drilling program at Hill 800 with the discovery of a new gold zone that has the potential to add significant size to the deposit. Hill 800 is an advanced gold prospect within Carawine’s 100%-owned Jamieson Project, located in northeast Victoria. The assay results are from drill hole H8DD015, completed in late December 2018, successfully targeting the continuation of gold and copper mineralisation in the Footwall Stringer Zone and returning the following high-grade intervals Managing Director, Mr David Boyd said the discovery of a broad new zone of gold mineralisation associated with intense silica-sericite-pyrite alteration in the 650 Zone, and confirmation of further highgrade mineralisation in the Footwall Stringer zone represents a fantastic start to the second phase of drilling at Hill 800. “We are less than 12 months into our exploration at Hill 800 and have already discovered four distinct zones of gold mineralisation, putting Carawine in a great position to significantly expand the deposit. Multiple gold zones are typical for this type of deposit, and the 650 Zone discovery confirms the exploration model, targeting additional stacked systems at Hill 800. “Drilling is underway with the next two holes targeting further strike extensions to the mineralisation. We look forward to advancing the drilling program during February and March and updating our shareholders with additional results in the coming months.” | |
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