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Classic Minerals Ltd.
Summary
| Project: | Forrestania | |
|---|---|---|
| Deposit: | Kat Gap | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-3-2020: Classic Minerals Ltd. announces an Exploration/Drilling Update report for its Kat Gap deposit at the Forrestania project. Drilling results incl. 3m @ 62.1g/t Au from 36m. WA-focused gold exploration and development company Classic Minerals Limi | |
| Resources: | ||
| 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 most recent RC drilling program at its Forrestania Gold Project (FGP) in Western Australia. The Company completed a total of 23 holes for 1,449m at the Kat Gap project which is down from the original 48 holes for 3,200m it was planning to complete prior to the onset of COVID-19. RC drilling at Kat Gap continued to deliver significant zones of gold mineralisation located on the granitegreenstone contact. Recent drilling at Kat Gap also showed that broader zones of flat supergene gold mineralisation project well out into the granite around 100m from the main contact south of the cross-cutting Proterozoic dyke. 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 drilled a total of 23 RC holes for 1,449m at Kat Gap and is pleased to confirm that most holes returned gold mineralisation striking in a northwest-southeast direction. The drilling has further extended the known strike extent to 600m with a combined 100m being added on either side of the Proterozoic dyke. Mineralisation is open in all directions. | |
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