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Cervantes Corporation Ltd.
Summary
| Project: | Primrose | |
|---|---|---|
| Deposit: | Pansy Pit | |
| Location: | Australia | |
| Commodities: | Gold-Nickel | |
| Date: | 8/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-8-2018: Cervantes Corporation Ltd. announces an Exploration/Drilling Update report for its Pansy Pit deposit at the Primrose project. Drilling results incl. 15m @ 2.74g/t Au from 14.0m. All assays from the recently completed RC drilling campaign in the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marcus Flis (Internal) | |
| ABSTRACT: | All assays from the recently completed RC drilling campaign in the historic Pansy Pit in the Primrose Project, M59/662, (Figure 1) have been received. Eleven RC holes were completed for 336m (Figure 2, Table 1). The campaign was curtailed due to some inaccessibility near the pit walls. Historic drilling at the Pansy Pit intersected up to 8m at 7.08g/t gold (ASX announcement 28 March 2018). The recently completed campaign was designed to test extensions of this mineralisation updip, downdip, and along strike, and provide fresh material for possible metallurgical testing and geotechnical information to assist in its evaluation. Geology Regionally, the Pansy Pit is hosted in undifferentiated amphibolites between two splays of the Primrose Shear (Figure 3). Drilling intercepted a package of altered mafics in which auriferous and, in places, sulphidic quartz lodes have developed, possibly in response to shearing. Alteration, mainly chloriticfuchsitic, but also goethitic, sulphidic, and carbonate alteration, is highly variable. A number of quartz lodes were intercepted. These ranged from one to ten metres in width downhole and are frequently associated with local shearing. Whilst often auriferous, not all intercepted quartz lodes carried significant gold grades. Similarly, pyrite was often, but not ubiquitously associated with these quartz lodes. In the north-west of the drilled area an altered felsic unit was intersected and seen to interfinger with the altered mafic unit. This felsic may have been the driver for the quartz-gold mineralisation. The base of oxidation is generally around 30m though not intersected. | |
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