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Draig Resources Ltd.
Summary
| Project: | Bellevue | |
|---|---|---|
| Deposit: | Tribune Lode | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-12-2017: Draig Resources Ltd. announces an Exploration/Drilling Update report for its Tribune Lode deposit at the Bellevue project. Drilling results incl. 7m @ 27.4g/t Au from 92m. Draig Resources Ltd (ASX:DRG) is pleased to announce results of the ste | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Hibbird (Internal) | |
| ABSTRACT: | Draig Resources Ltd (ASX:DRG) is pleased to announce results of the step out drill hole from drilling at the Tribune Lode discovery. The Tribune Lode is located to the west of the Highway Fault in the high priority ‘Western Mineralised Corridor’ at the Bellevue Gold Project in Western Australia. Drilling is now continuing with a diamond drill rig operating full time at the Tribune Lode and a Reverse Circulation (RC) rig being mobilised. We are extremely excited with this drill result as we continue step-out drilling to confirm strike extensions of the high-grade Lode at the Tribune discovery. The mineralised zones intersected so far are characterised by broad intervals of quartz veining and sulphide mineralisation associated with coarse gold and we are very excited by the potential for Tribune to contain high grade Bellevue style ore shoots capable of hosting a significant orebody. Mineralisation is open in all directions and the company is now focussed on stepping outwards and below the recent drill hits and we look forward to providing further updates to the market as drilling progresses.” The Tribune Lode is a Bellevue parallel structure located immediately to the west of the Highway Fault and the historic Bellevue underground mine. This relatively untested area is mostly under shallow transported sand cover and is known as the ‘Western Mineralised Corridor’. | |
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