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Coolgardie Minerals Ltd.
Summary
| Project: | Geko | |
|---|---|---|
| Deposit: | Geko | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-12-2018: Coolgardie Minerals Ltd. announces an Exploration/Drilling Update report for its Geko deposit at the Geko project. Drilling results incl. 10m @ 2.62g/t Au from 136m. Coolgardie Minerals Limited (ASX: CM1) is pleased to announce that the first R | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Hayden Parry (Internal) | |
| ABSTRACT: | Coolgardie Minerals Limited (ASX: CM1) is pleased to announce that the first Reverse Circulation (RC) hole GKRCP2 to test the new structural interpretation at its Geko project intersected significant gold mineralisation. The results are the first from CM1’s initial four-hole exploration drilling program at Geko which commenced on 23 November to test a new, highly prospective gold mineralisation zone which may have the potential to extend the known resource. Coolgardie Minerals Limited Managing Director, Bradd Granville said: The initial results are very significant for the Geko resource extensions and for the company’s greater tenement portfolio. The grade of the intersection is significantly higher than the average grade of 1.8g/t Au within the pit reserves which may suggest that the orebody’s grade increases at depth and to the west. The new geological interpretation of the Bullabulling region, which has now been confirmed, illustrates the underexplored potential of the area. Regional drilling to test further targets will commence early in CY2019. The drilling program follows the results and recommendations of the recent 3D geological map interpretation of the Geko resource, identifying highly prospective extensions of the Geko deposit. | |
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