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Carawine Resources Ltd.
Summary
| Project: | Jamieson | |
|---|---|---|
| Deposit: | Hill 800 | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Silver-Zinc | |
| Date: | 6/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-6-2018: Carawine Resources Ltd. announces an Exploration/Drilling Update report for its Hill 800 deposit at the Jamieson project. Drilling results incl. 52m @ 2.37g/t Au from 71m. Minerals explorer Carawine Resources Limited (“Carawine” OR “the Company” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Micheal Cawood (Internal) | |
| ABSTRACT: | Minerals explorer Carawine Resources Limited (“Carawine” OR “the Company”) (ASX:CWX) is pleased to advise that its first diamond drill hole at the Hill 800 gold prospect in north eastern Victoria has intersected exceptional widths and grades of gold mineralisation only 60m from surface. Assay results from drill hole H8DD001 have been received, returning the following interval exceeding 100 gram-metres gold: The drill hole intersected a substantial width of intense silica-sericite-pyrite alteration within andesite lavas and volcaniclastics, showing a strong correlation between alteration and gold mineralisation. Importantly, the mineralised body was intersected at a high angle to its orientation, ensuring the reported interval would best approximate true width. These are the first results from Carawine’s initial drilling program at the prospect, which is focussed on defining the style and orientation of gold mineralisation and exploring the system’s strike and depth extents. The program is continuing on schedule with further assay results expected over coming weeks. Managing Director, David Boyd said the drill results represent an outstanding start to the program. “The announcement of first results from Hill 800 is an exciting time for the Company, especially as the width and grade of mineralisation has exceeded our expectations. Even at this early stage of the program there are indications of an intensely altered mineralised system associated with high gold grades, and there are not many current gold discoveries reporting this width and grade of mineralisation so close to surface. We look forward to announcing regular updates from the drilling program as further results are received over the next two months.” | |
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