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Eastern Goldfields Ltd.
Summary
| Project: | Davyhurst | |
|---|---|---|
| Deposit: | Lights of Israel Complex - Great Ophir Lode | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 9-2-2017: Eastern Goldfields Ltd. announces an Exploration/Drilling Update report for its Lights of Israel Complex - Great Ophir Lode deposit at the Davyhurst project. Drilling results incl. 9.3m @ 2.87g/t Au from 228.7m. Eastern Goldfields Limited (ASX:E | |
| Resources: | (Resource, Total): 2.3Mt @ 2.2g/t Au for 171koz Au contained at LOI Complex | |
| 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 Lights of Israel (LOI) Complex and, more specifically, on the Great Ophir Lode has returned significant gold intersections. The LOI Complex is located within one kilometre of the Davyhurst processing plant (Figure 1). The deposit was first mined in 1906, then in the 1980s and again in the early 2000s. The LOI Complex contains three ore lodes, namely the LOI, Makai and Great Ophir shoots with previous mining extracting a total of 4,000,000 tonnes at 3.1g/t Au for approximately 400,000 ounces of gold. The current mineral resource stands at 2,300,000 tonnes at 2.2g/t Au for 171,000 ounces of gold, equating to a deposit endowment of 571,000 ounces of gold. These results are from an ongoing diamond drilling program aimed at assessing the potential of the biotite schist unit down plunge from the Great Ophir deposit. The targeted biotite schist hosts all of the LOI Complex gold mineralisation which includes the Great Ophir, LOI and Makai shoots. All holes intersected gold mineralisation in the host biotite schist unit, with structural measurements from orientated diamond core confirming the western edge is folded up into a sub‐vertical position. Support for the folded western limb is important as it validates a key assumption in the current exploration model. | |
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