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Duketon Mining Ltd.
Summary
| Project: | Duketon | |
|---|---|---|
| Deposit: | Petra North, Commonwealth | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-10-2016: Duketon Mining Ltd. announces an Exploration/Drilling Update report for its Petra North, Commonwealth deposit at the Duketon project. JV with Regis Resources - drilling results incl. 3m @ 11.72g/t Au from 74m. Duketon Mining Limited (ASX: DKM | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Duketon Mining Limited (ASX: DKM) is pleased to announce an update in regards to progress and drilling results at the Duketon Gold Exploration Joint Venture where Regis Resources Limited (ASX: RRL) is earning a 75% interest (see Figure 1 below). Readers are referred to the Regis’ September 2016 Quarterly Activities Report released to the ASX on 14 October 2016 for full details of drilling and JORC Table 1. Duketon Gold Exploration Joint Venture (Regis Earning 75%) Petra North The Petra North project is located immediately adjacent to Regis’ 100% owned Petra project which has a reported JORC 2012 Resource of 44,000 ounces. A follow up air core drill programme was designed to test intercepts received in the first air core program last quarter. 46 AC holes have been completed for 4,506 metres. At Petra and Petra North, the basement rocks are dominated by an uninterrupted sequence of felsic and intermediate composition andesites and dacites. The volcanic rocks have been moderately to strongly metamorphosed into variably chloritised quartz sericite schists with occasional pyrite mineralisation. Weathering extends generally to between 50 and 80 metres and occasionally to in excess of 100 metres depth. Mineralisation at Petra North appears to consist of supergene enriched gold, interpreted to be the result of complex weathering fronts around the hypogene ore. | |
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