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Crusader resources Ltd.
Summary
| Project: | Juruena | |
|---|---|---|
| Deposit: | Querosene | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 21-9-2016: Crusader resources Ltd. announces an Exploration/Drilling Update report for its Querosene deposit at the Juruena project. Drilling results incl. 3.6m @ 554.26g/t Au from 147m. Brazil-focused, resource development company Crusader Resources Ltd | |
| Resources: | (Resource, Inf.): 1.3Mt @ 5.6g/t Au for 233.9Koz Au contained at Juruena | |
| CP/QP: | [Overall Report]: Robert Smakman (Internal) | |
| ABSTRACT: | Brazil-focused, resource development company Crusader Resources Ltd (ASX: CAS) (“Crusader” or “the Company”) is pleased to announce additional high-grade gold results from the resource-infill and expansion drilling program at the Querosene and Dona Maria prospects at its 100% owned high-grade Juruena Gold Project. Crusader is currently completing a Scoping Study on the Juruena Project due to be completed prior to the end of 2016. The Juruena Project is considered to be the initial development project in a recognised mining district with the potential to host multiple projects of a significantly larger scale. 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 JuruenaAlta 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. Crusader’s immediate focus at Juruena is on a cluster of workings all located within a high-grade soil anomaly approximately 8km long by 4km wide. Crusader’s geological team have successfully targeted highgrade resources on four prospects. 7,800m of diamond drilling has now been competed in 2016, with results expected to continue to flow over the coming weeks as drill core is prepared and transported for assaying in Belo Horizonte, Brazil. Juruena currently contains six confirmed zones of mineralisation in a district scale gold system, linked by a structural corridor hosting multiple gold prospects. The current JORC compliant mineral resource estimates are anticipated to increase with the addition of recent drilling to be re-estimated in November 2016. | |
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