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E2 Metals Ltd.
Summary
| Project: | Mt Hope | |
|---|---|---|
| Deposit: | Mt Solitary | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-9-2017: E2 Metals Ltd. announces an Exploration/Drilling Update report for its Mt Solitary deposit at the Mt Hope project. Drilling results incl. 14m @ 1.07g/t Au from 254m. E2 Metals (ASX: E2M) (E2 Metals or the Company) advise that the second phase o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris Spurway (Internal) | |
| ABSTRACT: | E2 Metals (ASX: E2M) (E2 Metals or the Company) advise that the second phase of diamond core drilling assays have now been received. The drilling 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 phase consisted of a single hole, 17MSD015 drilled over a 14-day period to a final depth of 405.6m as planned. It was designed to test depth extensions of a number of previously intersected structural (shear and breccia) zones containing shoots of high-grade gold mineralisation within broader zones of hydrothermal alteration at the prospect. The drilling has confirmed the existence of at least three hydrothermal alteration zones associated with quartz veining, sulphides and anomalous multi-elements, with a significant structural zone intersected from 254m – 268m averaging 1.07g/t Au over the 14m intercept, including 3m @ 3.16g/t Au. The drilling extended the intersected depths of the mineralised structural zones to 350m below surface, at the deepest. This demonstrates that these structural zones have significant depth continuity and remain fertile, albeit of lower tenor gold grades. The control on the higher-grade shoot architecture remains to be resolved. “The drilling from 17MSD015 has confirmed the mineralisation is open down dip along the structures and in a north westerly plunge direction. Despite this, the strong presence of a major intersection of zonation within a cobar style system such as this, remaining open is encouraging. Many of the major Cobar mineable zones begin at depths below 300m and exhibit only subtle features close to surface.” said E2 Metals Managing Director, Simon Peters. | |
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