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Crusader resources Ltd.
Summary
| Project: | Juruena | |
|---|---|---|
| Deposit: | Dona Maria, Querosene | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 8/24/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-8-2016: Crusader resources Ltd. announces an Exploration/Drilling Update report for its Dona Maria, Querosene deposit at the Juruena project. Drilling results incl. 1.50m @ 141.36g/t Au from 45m at Dona Maria. Brazil‐focused,resource development compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Smakman (Internal) | |
| ABSTRACT: | Brazil‐focused,resource development company Crusader Resources(ASX: CAS) ("Crusader" or "the Company") is pleased to announce bonanza gold results from the resource‐infill and expansion drilling program at the Dona Maria prospect at its 100% owned high‐grade Juruena Gold Project. The current Drilling program at Juruena has now completed a total of 7,722m, with 38 holes at Querosene, 14 holes at Dona Maria, 7 holes at Tomate and 4 holes at Mauro. Commenting on the drill program, Crusader Resources’ Managing Director Rob Smakman said: “logging visual gold in the drill core at Dona Maria and Querosene is a real thrill for our team and it’s great to get some encouraging results from the early holes at Dona Maria. We have also observed interesting alteration at both Mauro and Tomate and are very much looking forward to the results from these new prospects. We continue to believe that Juruena is more about the multiple targets that will hopefully be developed as part of new district gold play. The drill program initially targeted the Querosene and Dona Maria prospects, in order to convert inferred resources into indicated or better. Crusader is looking forward to updating the resources at these targets as soon as results have been received from the drilling. The Juruena Project(~400 km2 of contiguoustenements) islocated in Central Brazil on the southern fringe of the Amazon Basin. Situated on the western end of the prospective Juruena‐Alta Floresta gold belt (estimated to have produced ~7Moz Au), Juruena has been explored extensively by artisanal miners since the 1980’s, producing an estimated 500koz of gold. | |
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