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Duketon Mining Ltd.
Summary
| Project: | Kulguddi | |
|---|---|---|
| Deposit: | Davies Bore | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-11-2016: Duketon Mining Ltd. announces an Exploration/Drilling Update report for its Davies Bore deposit at the Kulguddi project. Drilling results incl. 10m @ 7.7g/t Au from 89m. Duketon Mining Limited (ASX: DKM) is pleased to announce that assays have | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kirsty Culver (Internal) | |
| ABSTRACT: | Duketon Mining Limited (ASX: DKM) is pleased to announce that assays have been received for four diamond drill holes from Davies Bore (100% owned) and all have intersected significant gold mineralisation. The diamond holes were drilled to test the area below and along strike from a previous RC hole that intersected 35m @ 2.3 g/t Au (see ASX announcement 29 September 2016). Intersections from the four diamond holes include; 10m @ 7.7 g/t Au from 89m, including 3.2m @ 23.3 g/t Au, 19m @ 1.4 g/t Au from 176m, including 4.3m @ 3.4 g/t Au and 2.5m @ 3.5 g/t Au (see table 1). Importantly, individual assays are indicating higher grades in parts with a single assay returning 107 g/t Au. Duketon’s Managing Director, Stuart Fogarty, said: “These diamond drill results, together with the recent RC drill results are highly significant considering that the average reserve grade for all deposits in the Duketon Belt is 1.09 g/t Au. The individual assay of over 107g/t gold is positively surprising and one of the highest I have seen within the Duketon Belt. The early use of diamond drilling has allowed us to gain a clear understanding of the nature and controls of the gold mineralisation. The grade in both the oxide and the fresh rock is highly encouraging. Each exploration step that we take with this project keeps giving us increasingly significant results. I wait with a level of anticipation for the completed aircore holes to see if we can extend and even upgrade the near surface footprint of our 100% owned Davies Bore before the next drill phase commences.” | |
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