For thousands of other reports visit RSC's Mineral Intellingence Map
Draig Resources Ltd.
Summary
| Project: | Bellevue | |
|---|---|---|
| Deposit: | Tribune Lode | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-2-2018: Draig Resources Ltd. announces an Exploration/Drilling Update report for its Tribune Lode deposit at the Bellevue project. Drilling results incl. 12m @ 12g/t Au from 68m. “Drill results and the observed mineralisation from the latest drill core | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Hibbird (Internal) | |
| ABSTRACT: | “Drill results and the observed mineralisation from the latest drill core have confirmed the continuity of the system from near surface to 180 metres vertical depth. Our focus is now on extending the down dip potential of this high-grade mineralised system below the current depth as well as stepping out. The Tribune shear has been consistently intersected in every hole drilled so far and we are having an excellent success rate at hitting the very high-grade broad mineralised shoots. We have only just scratched the surface on this new discovery and look forward to keeping the market informed as results come to hand.” The Tribune Lode is a Bellevue parallel structure located immediately to the west of the Highway Fault and the historic Bellevue underground mine. This largely untested area is obscured by shallow transported sand cover and lake sediment to the south and is known as the ‘Western Mineralised Corridor’. Visible gold has been observed in DRCD017, DRDD020 and DRDD023 and significant intervals of quartz sulphide veining have been intercepted in all 7 holes. Due to the significant amount of visible gold in drilling at the Tribune Lode the company will also be undertaking screen fire assaying to better quantify any potential high grade coarse gold component that might not be recognised in the current assaying technique. Results will be made available when they come to hand. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report