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Eastern Goldfields Ltd.
Summary
| Project: | Siberia | |
|---|---|---|
| Deposit: | Missouri, Sand King | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-10-2016: Eastern Goldfields Ltd. announces an Exploration/Drilling Update report for its Missouri, Sand King deposit at the Siberia project. Drilling results incl. 6.9m @ 7.81g/t Au from 95.1. Eastern Goldfields Limited (ASX: EGS) (Eastern Goldfields o | |
| 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 drilling at its Siberia Mining Centre, located approximately 120km north west of Kalgoorlie within the North Eastern Goldfields of Western Australia (Figure 1). Results from Missouri (Figures 2, 3 and 4) successfully confirmed the mineralisation model for the main lode present in the northern proposed pit area (6.9m @ 7.81g/t Au and 4m @ 4.98g/t Au) while also intercepting up to three additional lodes above the main lode. Visible gold identified in MID015 at 86.7m (previously announced on 22 September 2016) returned a grade of 4.98g/t Au. Due to predefined core sampling protocols the visible gold remains in the half diamond core sample that has been retained on site and not analysed. Diamond drilling at Sand King continues to identify zones of strong gold mineralisation and is providing additional geological insight into the potential interaction of cross linking structures within steep structures. Investigations are centred on these interactions being directly related to “blow outs” in typical lode widths and grades. Executive Chairman Michael Fotios said: “These Siberia results continue to strengthen the current mining model while also providing confirmation of the original assumptions that attracted us to this mining area in the first instance. Siberia remains the focus for recommencement of open pit mining operations at Davyhurst targeted for late DecQ16.” | |
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