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Cervantes Corporation Ltd.
Summary
| Project: | Albury Heath | |
|---|---|---|
| Deposit: | Albury Heath | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-6-2018: Cervantes Corporation Ltd. announces an Exploration/Drilling Update report for its Albury Heath deposit at the Albury Heath project. Drilling results incl. 5.0m @ 63.1g/t Au from 32.0m. The first batch of assays from samples collected during th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marcus Flis (Internal) | |
| ABSTRACT: | The first batch of assays from samples collected during the recent RC drilling campaign at Albury Heath (Figure 1) have been received. Twenty nine RC holes for 1,866m were completed (see announcement on 14 May, 2018 and Figure 2). Of the total of 2,009 samples collected, 1,356 have now been received. The received assays are from holes drilled into the southwestern edge of the resource (ASX announcement 7 February 2017). Drilling returned individual single metre assays of high-grade gold of 202.79 g/t (over 6 ounces per tonne), 129.3 g/t, 51.75 g/t, and 31.4 g/t gold (See Appendix 1 Page 2 of 23 for full assay data). These are pleasing results in that previous drilling indicated some of the areas previously drilled were devoid of any significant gold grades. The current drilling has possibly extended the resource of those areas. Until a full analysis is undertaken, however, there is no basis to determine if such an outcome will occur Geological mapping of the underground workings in 1982 reported no distinction between foot wall and hanging wall, the host being a weathered medium grained fuchsitic quartz-tremolite-chlorite rock with remnant basaltic to gabbroic texture (DMIRS Open file report A37137, R.G.Colville, 198 | |
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