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Coolgardie Minerals Ltd.
Summary
| Project: | Geko | |
|---|---|---|
| Deposit: | Geko | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-10-2018: Coolgardie Minerals Ltd. announces an Exploration/Drilling Update report for its Geko deposit at the Geko project. Drilling results incl. 3m @ 10.7ppm Au. Coolgardie Minerals Limited (The Company or CM1) is pleased to announce the results from | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Hayden Parry (Internal) | |
| ABSTRACT: | Coolgardie Minerals Limited (The Company or CM1) is pleased to announce the results from the initial grade control drilling at the Geko Project, 35km north west of Coolgardie. The grade control drilling was designed to confirm and define the near-surface high-grade gold supergene zone and the top of the wider, deeper oxide zone. A total of 6,473m in 195 holes were drilled from May to early September in readiness for mining of this high-grade zone. Twenty significant supergene intersections returned above 4g/t Au. Mining of the first supergene ore is scheduled to be mined in mid-October. The significant results demonstrate that the “supergene zone” continues into the currently designed pit wall in the western end of the Geko pit. A detailed analysis of these results is underway, leading to high priority extensional drilling targets outside of the current pit design. In November 2018, CM1 plans to commence extensional drilling outside of the existing pit perimeter. Additional holes intersected the upper portion of the deeper, saprolite ore beneath the supergene zone confirming the upper geometry and high grades. Fourteen significant intersections of the saprolite zone returned above 4g/t Au. | |
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