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Eastern Goldfields Ltd.
Summary
| Project: | Davyhurst | |
|---|---|---|
| Deposit: | Lights of Israel Complex | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/10/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 10-8-2016: Eastern Goldfields Ltd. announces an Exploration/Drilling Update report for its Lights of Israel Complex deposit at the Davyhurst project. Drilling results incl. 5.5m @ 5.95g/t Au from 122.2m. Eastern Goldfields Limited (ASX:EGS) (Eastern Goldf | |
| 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 Lights of Israel Complex (LOI) on the Makai and Great Ophir Lodes has returned significant gold intersections. The LOI Complex is located within 1 kilometre of the Davyhurst processing plant (Figure 1). The deposit was first mined in 1906, the 1980’s and again in the early 2000’s. The LOI Complex contains three ore lodes, namely the LOI shoot, Makai shoot and Great Ophir shoot with mining extracting 4 million tonnes @ 3.1g/t Au for approximately 400,000 ounces of gold. The LOI Complex was identified as a high priority exploration target by Eastern Goldfields’ geologists as the mineralisation in all three lode surfaces remains open beyond existing drilling and significant underground infrastructure remains in place. A comprehensive review completed over the last 12 months, incorporating all existing drilling, underground sampling, geological mapping and structural data (Figure 4) resulted in a new geological and structural interpretation. The Company believes it now has a deep level of understanding of the controls on mineralisation for the LOI Complex. The focus of this recent drilling was to confirm historical results while also providing diamond core for geotechnical assessment. With this now completed, the Makai deposit will shortly be handed over for finalisation of the underground mine design. | |
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