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E2 Metals Ltd.
Summary
| Project: | Mt Hope | |
|---|---|---|
| Deposit: | Mt Solitary | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-7-2017: E2 Metals Ltd. announces an Exploration/Drilling Update report for its Mt Solitary deposit at the Mt Hope project. Drilling results incl. 5m @ 2.79g/t Au from 58m. E2 Metals (ASX: E2M) (E2 Metals or the Company) advise that the first phase of r | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris Spurway (Internal) | |
| ABSTRACT: | E2 Metals (ASX: E2M) (E2 Metals or the Company) advise that the first phase of reverse circulation and diamond core drilling assays have now been received. The program was completed at the Mt Solitary prospect at its Mt Hope Project in the tightly-held, world-class Cobar Basin in New South Wales. The program comprised predominantly of reverse circulation (RC) drilling with a small component of diamond core drilling, targeting extensions of known high-grade gold mineralisation that remains open at the prospect. Mt Solitary lies at the northern end of 6 km of mineralised strike marked by a series of siliceous outcrops hosting zones hydrothermal alteration. Drilling encountered hydrothermal alteration associated with quartz veining and sulphides typical of the mineralisation sought. The drilling program identified a series of hydrothermal alteration zones associated with quartz veining, sulphides and anomalous multi-elements similar to previously intersected mineralised intercepts of the Mt Solitary prospect. “The results reinforce earlier drilling at the site and validate geological modelling. The team at E2 Metals is developing a thorough understanding of the mineralisation and potential of the site, and is expecting to commence Phase 2 drilling shortly,” said E2 Metals Managing Director, Simon Peters. Mr Peters also said, “The drilling from 17MSR08 reinforces and gives validation to some of the historic drilling in that area. The core drilling has allowed the team in developing greater understanding of the mineralisation, particularly around structural controls. This has confirmed the mineralisation being open down dip in a north westerly direction.” | |
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