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Eastern Goldfields Ltd.
Summary
| Project: | Davyhurst | |
|---|---|---|
| Deposit: | Callion | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/24/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 24-11-2016: Eastern Goldfields Ltd. announces an Exploration/Drilling Update report for its Callion deposit at the Davyhurst project. Drilling results incl. 6.7m @ 11.03g/t Au from 269.3m. Eastern Goldfields Limited (ASX: EGS) (Eastern Goldfields or the C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Thomson (Internal) | |
| ABSTRACT: | Eastern Goldfields Limited (ASX: EGS) (Eastern Goldfields or the Company) is pleased to announce results from additional diamond drilling at its Callion Deposit (Callion), located approximately 12km southwest west of the Company’s Davyhurst Mill (Figure 1). Drilling has continued on the Callion deposit with strong gold mineralisation intersected in CNDD007, returning 6.7m @ 11.03g/t Au, approximately 60 metres south of hole CNDD004, which returned 7.7m @ 9.35g/t Au (see ASX announcement dated 28 July 2016). The Company currently awaits assays on a further 5 holes which are expected within the next 3-4 weeks. Executive Chairman Michael Fotios said: “This drilling continues to enhance the underground mining potential of the deposit and we remain focused on quantifying this in the short term. We will also swing additional drilling resources into evaluating the open pit cut back potential. It is a busy time for the team but the Callion results are holding our attention with Reverse Circulation drilling resources now redeployed here.” Historically the deposit has produced in excess of 280,000 tonnes @ 10.2g/t Au for approximately 92,000 ounces. Callion was mined via both open pit and underground methods. In the past year, significant time was spent on historical data compilation of open pit grade control drilling and underground mining records including mine survey, geological and structural mapping, gold assay sampling and Resource and Reserve estimate plans. | |
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