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Crusader resources Ltd.
Summary
| Project: | Juruena | |
|---|---|---|
| Deposit: | Juruena | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 6/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 8-6-2018: Crusader resources Ltd. announces an Exploration/Drilling Update report for its Juruena deposit at the Juruena project. Drilling results incl. 0.7m @ 12.22g/t Au from 29m. Crusader Resources (ASX:CAS, AIM: CAS) (“Crusader”) is pleased to provide | |
| Resources: | (Resource, I+I): 1282650t @ 6.3g/t Au for 260900oz Au contained at Juruena | |
| CP/QP: | [Overall Report]: Rob Smakman (Not stated) | |
| ABSTRACT: | Crusader Resources (ASX:CAS, AIM: CAS) (“Crusader”) is pleased to provide the following update on the recent drilling campaign at five previously un-drilled prospects within the Juruena Gold project area. This initial exploration programme is focused on several new targets identified in line with the main trend in the Juruena Project region, using smaller drilling rigs suitable for operation during the wet season. The programme represented approximately 250m of diamond drilling across 5 holes with an average depth of 50m. A full table of significant intercepts are presented in Table 2 in the Appendix below, with better results received including: Commenting on the exploration programme, Marcus Engelbrecht, Managing Director of Crusader Resources, said: “I am delighted to be able to provide an update on the recent drilling campaign at Juruena, where we have generated positive results from three new prospects. Juruena is a very exciting project, located within the highly prospective Alta Floresta belt that is generating significant interest from major mining companies. We look forward to updating shareholders on further progress at Juruena as the project develops.” The drilling campaign was the first pass exploration conducted over new prospects within the Juruena project area aimed at evaluating the mineral potential at tenements 866.578/2006 and 866.247/2011 (Figure 2). These represent new targets generated by the Crusader exploration team with successful exploration representing exciting potential to expand the pipeline of prospects which could become significant satellite targets. | |
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