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Eastern Goldfields Ltd.
Summary
| Project: | Davyhurst | |
|---|---|---|
| Deposit: | Callion | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 28-7-2016: Eastern Goldfields Ltd. announces an Exploration/Drilling Update report for its Callion deposit at the Davyhurst project. Drilling results incl. 7.65m @ 9.35g/t Au from 232.05m at Callion. Eastern Goldfields Limited (ASX:EGS) (Eastern Goldfield | |
| 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 that exploration drilling at the Callion Deposit has intersected strong zones of alteration and mineralisation at depth. The Callion Deposit is 12 kilometres south-west of the Davyhurst processing plant (Figure 1). Preliminary underground mine evaluation works, based on the historical record, have resulted in a focussed exploration effort at Callion, and the early success demonstrated by this initial programme will result in the continued advancement of this project with the aim of defining the next underground mining event. Significant potential remains untested to the south and down plunge of the known drilling. Historically the deposit has been a significant past producer with production totals in excess of 280,000 tonnes @ 10.2g/t for approximately 92,000 ounces. The deposit was mined via both open pit and underground methods. In the past year, significant time was spent on historical data compilation of open grade control drilling and underground mining records including mine survey, geological and structural mapping, gold assay sampling and resource and reserve estimate plans. All historical hard copy information is now digitally captured and spatially located. This data set provided the basis of establishing an Exploration Target of 350-450,000 tonnes @ 10-14g/t, as previously released. | |
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