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Dampier Gold Ltd.
Summary
| Project: | Credo | |
|---|---|---|
| Deposit: | Credo | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-6-2020: Dampier Gold Ltd. announces a Resource Estimation report for its Credo deposit at the Credo project. Initial Mineral Resource Estimate for Project. Dampier Gold Limited (ASX:DAU, Dampier or the Company) is pleased to announce a maiden JORC Resou | |
| Resources: | (Resources, Inf.): 86.5kt @ 4.41g/t Au (12.26koz Au) | |
| CP/QP: | [Resource]: David Jenkins (Terra Search Pty Ltd.) | |
| ABSTRACT: | Dampier Gold Limited (ASX:DAU, Dampier or the Company) is pleased to announce a maiden JORC Resource from the Credo Well tenements under the Credo Well Joint Venture with Torian Resources Limited (ASX: TNR) (Credo Gold Project), following high grade gold intercepts from the Credo Well and Credo Well North prospects. The Inferred Resources total 86,519 t at 4.41 g/t Au for 12,259 oz Au are from the Credo Well and Credo Well North West deposits. Within the Resources there are open cut resources of 79,137 t at 4.2 g/t Au for 10,684 oz Au within two preliminary pit optimisation shells, demonstrating the economic potential of these resources. Outside of the pits, resources have been restricted to zones with a 5 g/t Au cut off. The completed program included 12 reverse circulation holes for 1,032m targeting extensions to mineralisation at Credo Well and Credo Well North. In addition to this, a 56-hole Aircore program was also completed with a total of 2,620m of aircore drilling. The aircore drilling intersected anomalous gold (>100ppb Au) at Fidelitas West and Area 10 with key geological information taken from all prospects (see Figure 2). | |
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