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Centennial Mining Ltd.
Summary
| Project: | A1 Gold Mine | |
|---|---|---|
| Deposit: | 1360 Target Area | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2018: Centennial Mining Ltd. announces an Exploration/Drilling Update report for its 1360 Target Area deposit at the A1 Gold Mine project. Drilling results incl. 24.8m @ 11.44g/t Au from 7.2m. Centennial Mining Limited (ASX: CTL) (Centennial or the | |
| Resources: | (Resource, Inf.): 183’347t @ 5.3g/t Au at the Magenta Zone | |
| CP/QP: | [Overall Report]: Anthony Gray (Internal) | |
| ABSTRACT: | Centennial Mining Limited (ASX: CTL) (Centennial or the Company) is pleased to announce that sludge hole drilling in the 1360 Area of the A1 Gold Mine intersected broad widths of high-grade gold immediately adjacent to the main mine decline. Development and production drilling of the stoping panel identified was recently completed and the first blast was taken on Friday 19th October, 2018. Centennial’s Executive Chairman, Mr Dale Rogers, commented “some 10 months after the last mechanised stoping at the A1 Gold Mine it is very pleasing to have long hole stope production once again. This is a significant step forward for the Company as tonnages mined from the A1 Gold Mine will now increase and reduce the reliance on the lower grade Union Hill Gold Mine. It will also allow time to drill the Victory North area which has already exceeded expectations in width and length.” The 1360 Target Area of the A1 Gold Mine is located directly adjacent to the main mine decline and 1360 mRL level access (Figure 1). The 1360 Target Area was developed to mine what is believed to be a splay and the down dip extension of the 1380-8352 Stope, which is thought to be the structural conduit for gold-bearing fluids to this stope. 20 sludge holes, totalling 646.4 metres, were drilled into the 1360 Target Area to test the down-dip extension of a breccia zone in altered dyke that is close to the eastern dyke-sediment contact. Two programmes of sludge drilling defined a north-south striking corridor of mineralisation approximately 40m long, and open to the north and south, above the backs (roof) of the 1360 Access drive. This target area encompasses both broadly disseminated gold in dyke and potential gold enrichment along the dyke-sediment boundary (Figure 2). | |
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