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Crusader resources Ltd.
Summary
| Project: | Juruena | |
|---|---|---|
| Deposit: | Dona Maria | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/5/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-9-2016: Crusader resources Ltd. announces an Exploration/Drilling Update report for its Dona Maria deposit at the Juruena project. Drilling results incl. 10m @ 101g/t Au from 125m. This high‐grade result is the latest to be received from the Dona Maria | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Smakman (Internal) | |
| ABSTRACT: | This high‐grade result is the latest to be received from the Dona Maria prospect and follows on from bonanza grade results announced late last month from hole MD‐06 (up dip of MD‐09) at Dona Maria including 1.50m @ 141 g/t Au from 45m; 4m @ 8 g/t gold from 96m (including 1m @ 27.99 g/t Au); and 4m @ 3.98 g/t Au from 77m (including 1m @ 11.09 g/t Au) (refer to ASX announcement dated 24 August 2016 see Figures 3 and 4 below). Commenting on the result, Crusader Resources’ Managing Director Rob Smakman said: “We are obviously really excited to get such an extraordinary hit and even more so that it occurs as part of a broad, high‐ grade intercept. The central zone at Dona Maria is proving to be the source of some of the best intercepts in the district and indicates a broad, high‐grade zone that is continuous and relatively close to surface. I look forward to updating shareholders with the next round of assay results when they come to hand‐ we are confident the results will help achieve our goals of increasing the confidence level and size of the Dona Maria resource.” Dona Maria is located adjacent to the Crentes prospect, approximately 1 kilometre along the Juruena fault zone from Querosene (see Figure 2). Mineralisation at Dona Maria is perpendicular to the main Crentes trend (WNW) toward the NNW (see Figure 3 below). There is a broad, relatively shallow garimpo working over the mineralised trend and with the new intercepts along with historical drilling, the central zone appears to show a coherent, high‐grade core that is open at depth. A total of 14 holes for 1,787m were completed at Dona Maria in the 2016 campaign, with results released to date from the first 5 holes. | |
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