For thousands of other reports visit RSC's Mineral Intellingence Map
Carbine Resources Ltd.
Summary
| Project: | Mount Morgan | |
|---|---|---|
| Deposit: | Red Oxide, Shepherds Gully Tailings Dumps | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Iron-Sulphur | |
| Date: | 7/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 25-7-2016: Carbine Resources Ltd. announces an Exploration/Drilling Update report for its Red Oxide, Shepherds Gully Tailings Dumps deposit at the Mount Morgan project. Drilling results incl. 2m @ 34.2g/t Au, 0.2g/t Ag, 0.26% Cu, 11.5% Fe, 0.8% S from 4m. | |
| Resources: | ||
| CP/QP: | [Overall Report]: Chris Newman (Internal) | |
| ABSTRACT: | Carbine Resources Limited (ASX:CRB) is pleased to announce initial results from the Red Oxide Tailings Dump and final results from the Shepherds Gully Tailing dump at its Mount Morgan GoldCopper Project near Rockhampton in Queensland. The results confirm the continuity and consistently high grade of the current Red Oxide Mineral Resource. In addition, sampling of the overburden continues to highlight the potential for significant additional mineralisation in areas currently considered waste above the mineralised tailings. Assays from drilling at the Shepherds Gully tailings dump confirms thick tailings mineralisation extending below the current Inferred Resource boundary and highlights the potential for additional Mineral Resources. The results will be incorporated in the Resource upgrade expected to be released in coming weeks. This will in turn form part of the Definitive Feasibility Study (DFS) due for completion later this quarter. Assay results for the first 10 infill holes from the Red Oxide tailings dump are confirming the continuous high grade nature of the Red Oxide Mineral Resource (Figure 2). Sampling of the slag material and waste rock above the Red Oxide tailings in this drill program continues to highlight the potential for additional gold and copper mineralisation within this overburden. This material is currently considered as waste, but has the potential to have a positive impact on the project if a significant mineralised slag or waste resource can be defined. Further drilling would be required to define such a resource. Assay results have now been returned from the last nine of the Shepherds Gully tailings dump drill holes. Results have confirmed the continuity of the thick tailings and the tonnage and consistent grade of the current resource. Significantly, results have also confirmed thicker tailings than previously identified, extending tailings mineralisation below the Inferred Resource boundary. One third of all historical drill holes used in the previous resource estimate at Shepherds Gully did not reach the base of the tailings. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report