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Classic Minerals Ltd.
Summary
| Project: | Forrestania | |
|---|---|---|
| Deposit: | Kat Gap | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/27/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 27-2-2020: Classic Minerals Ltd. announces an Exploration/Drilling Update report for its Kat Gap deposit at the Forrestania project. Drilling results incl. 8m @ 7.91g/t Au from 60m. WA-focused gold exploration and development company Classic Minerals Limi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dean Goodwin (Reliant Resources Pty Ltd.) | |
| ABSTRACT: | WA-focused gold exploration and development company Classic Minerals Limited (ASX. CLZ) ("Classic", or "the Company") is pleased to announce that it has received assays results from its ongoing RC drilling program at its Forrestania Gold Project (FGP) in Western Australia. Drilling results from Kat Gap have delivered a significant zone of high-grade gold mineralisation located on the granite-greenstone contact located 1.2 km’s south along strike from Classic’s main drilling area at Kat Gap. Kat Gap is strategically located approximately 70km south-south east of the Company’s Forrestania Gold project containing the Lady Magdalene and Lady Ada gold resources. Classic has drilled 3 RC holes for 221m to date on a single traverse 1.2 km’s south along strike from the main drilling area at Kat Gap. The holes were drilled to follow-up on a single historical RC hole which returned 1m @ 11.20g/t Au in FKGP009 but also to test for high grade gold lying further into the granite adjacent to the main granite – greenstone contact. Historical RC holes were not drilled deep enough into the host granite with many only penetrating 8-12m into the granite. Drilling by Classic has shown high grade gold to be not just on the contact but in many instances be more than 15m into the granite. The intersection in FKGRC145 is 14m into the granite from the contact. Historical RC holes on the same section were only drilled up to 10m into the granite. Of the three holes only two FKGRC145 and FKGRC146 were submitted for early assaying. Gold mineralisation is hosted in smokey grey quartz veins within the granite adjacent to the contact identical in style and setting to the main drilling area at Kat Gap. In hole FKGRC145 the gold was clearly visible in the quartz chips and panning dish. | |
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