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Crusader resources Ltd.
Summary
| Project: | Juruena | |
|---|---|---|
| Deposit: | Querosene | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 8/2/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-8-2016: Crusader resources Ltd. announces an Exploration/Drilling Update report for its Querosene deposit at the Juruena project. Drilling results incl. 2.90m @ 75.02g/t Au from 112.80m. Brazil-focused, resource development company Crusader Resources (A | |
| Resources: | (Resource, Inf.): 1.3Mt @ 5.6g/t Au for 234Koz Au contained at Juruena | |
| 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 high-grade gold results from the resource-infill and expansion drilling program at its 100% owned high-grade Juruena Gold Project. To date, 52 holes have been completed (for ~5,800m) out of a planned original total of 6,000m of which assay results have been received from the first 32 holes from the Querosene prospect. Drilling at the Dona Maria Resource has been completed with 15 holes drilled and assays now pending. High-grade results received to date from Querosene have encouraged Crusader to extend the program to ~7,200m, with additional metres to be spread amongst the prospects. The drill program initially targeted the Querosene and Dona Maria prospects, which are both open at depth and along strike. Also planned are initial holes at two new targets, Tomate and Mauro (see Figure 1 below). Crusader is expecting to convert a high percentage of the current Inferred resources at Dona Maria and Querosene to the Indicated category as well as seek to expand the size of the overall gold resources at Juruena. The Juruena Project ~400 km2 of contiguous tenements) is located 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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