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Duketon Mining Ltd.
Summary
| Project: | Duketon | |
|---|---|---|
| Deposit: | Petra North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-7-2016: Duketon Mining Ltd. announces an Exploration/Drilling Update report for its Petra North deposit at the Duketon project. JV with Regis Resources - drilling results incl. 3m @ 8.77g/t Au from 21m. Duketon Mining Limited (ASX: DKM) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stuart Fogarty (Internal) | |
| ABSTRACT: | Duketon Mining Limited (ASX: DKM) is pleased to announce that aircore drilling at Petra North prospect has identified multiple significant intersections. There are 27 intersections of more than 1g/t Au over 1m (see Table 1). Mineralisation extends north from the tenement boundary across all 6 lines over a strike distance of approximately 750m. Better intersections from the recent holes include; 3m @ 8.77 g/t Au from 21m, 2m @ 7.00 g/t Au from 30m, 4m @ 6.00 g/t Au from 56m, 4m @ 2.66 g/t Au from 40m, 4m @ 2.49 g/t Au from 46m, 1m @ 8.56 g/t Au from 54m, 1m @ 8.08 g/t Au from 69m, 1m @ 4.48 g/t Au from 44m. The shallowest intersection is less than 20 vertical meters below surface. The mineralisation remains open at depth and to the north. The Petra North Prospect is located northwest of Regis Resources Ltd (ASX: RRL) owned Petra Resource and approximately 12km south west of Regis Resources Moolart Well Mine (Figure 1 & 2). Duketon’s Managing Director, Stuart Fogarty, said: “This round of Petra North drilling has been impressive, especially given the shallow focus of this initial campaign. There are 27 intersections of more than 1m at better than 1g/t gold over 750 metres of strike. This has been a very successful initial program. These results will help to inform the follow-up drilling at Petra North that will commence in August. We are excited by these results and look forward to progressing on from aircore drilling to deeper RC drilling over the subsequent programs. These drill results in conjunction with our recent drill results from our 100% owned ground make it a very exciting time for Duketon Mining. It adds to our belief that a lot more significant gold deposits will be uncovered across the Duketon belt.” | |
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