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Davenport Resources Ltd.
Summary
| Project: | Southern Cross Bore | |
|---|---|---|
| Deposit: | Johnnies Reward | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 3/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-3-2018: Davenport Resources Ltd. announces a Resource Estimation report for its Johnnies Reward deposit at the Southern Cross Bore project. Initial resource estimate for project. Davenport Resources Limited ("Davenport" or the "Company") (ASX: DAV) is | |
| Resources: | (Resource, Inf.): 2.2Mt @ 1.4g/t Au for 101Koz contained | |
| CP/QP: | [Resources]: John Collier (Conarco Consulting Ltd.) | |
| ABSTRACT: | Davenport Resources Limited ("Davenport" or the "Company") (ASX: DAV) is pleased to announce a maiden Mineral Resource estimate for the Johnnies Reward gold-copper deposit, part of its 100%-owned Southern Cross Bore Project in the Northern Territory's Arunta region. Prepared by Conarco Consulting, the Inferred Mineral Resource estimate stands at 2.2 Mt @ 1.4 g/t gold equivalent for 101,000 ounces gold equivalent. The resource includes 52,000 ounces gold at 0.7 g/t Au and 9,000 tonnes copper at 0.4% Cu. Resource Summary The Inferred Mineral Resource for the Johnnies Reward deposit (Table 1) incorporates assays from 41 drill holes including nine diamond, 15 percussion and 17 RC holes for a total of 4699m. The Mineral Resource extends from an outcropping gossan through a transitional weathered zone that is approximately 20m thick below which is fresh rock. The Johnnies Reward mineralisation is interpreted to be an iron oxide copper-gold {IOCG) deposit hosted within a magnetite-pyroxenite, it dips steeply to the east with a moderate northerly plunge. It is open down-dip as well as along strike to the north. | |
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