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Draig Resources Ltd.
Summary
| Project: | Bellevue | |
|---|---|---|
| Deposit: | Tribune Lode | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-3-2018: Draig Resources Ltd. announces an Exploration/Drilling Update report for its Tribune Lode deposit at the Bellevue project. Drilling results incl. 2.5m @ 29.0g/t Au from 133m. Executive Director Mr Steve Parsons commented: “The company is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Hibbird (Internal) | |
| ABSTRACT: | Executive Director Mr Steve Parsons commented: “The company is pleased to update the market on the progress of the high-grade Tribune Lode discovery. Our most recent step-out extensional drilling has confirmed the high-grade mineralised system is very much alive to the south, at depth and down plunge, with numerous high-grade drill intersections received from this latest round of results. With the recent fully underwritten institutional placement completed the company now has the opportunity to aggressively augment drilling at the Tribune Lode and explore for further high-grade zones within the highly prospective Western Corridor and beyond. We see a real opportunity to significantly grow the Bellevue Gold Project into a standout high-grade gold project.” The order of the offset is currently poorly constrained however evidence from the Highway Fault would suggest a west block south movement on the order of a few hundred metres. The evaluation of the relative movement and potential for offset of the high grade mineralised zones is a high priority for further drill testing. The mineralised intersections from recent drilling have confirmed a strong association between massive to semimassive pyrrhotite and milled quartz clasts with high gold grades in the Tribune system with evidence of hanging wall, footwall and total shear lodes within the overall Tribune Shear | |
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