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Eastern Goldfields Ltd.
Summary
| Project: | Riverina | |
|---|---|---|
| Deposit: | Riverina | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-1-2017: Eastern Goldfields Ltd. announces an Exploration/Drilling Update report for its Riverina deposit at the Riverina project. Drilling results incl. 12.0m @ 4.94g/t Au from 73m. Eastern Goldfields Limited (ASX: EGS) (Eastern Goldfields or the Compa | |
| Resources: | (Resource, I+I): 2.58Mt @ 2.50g/t Au for 207000oz Au contained at Riverina | |
| CP/QP: | [Overall Report]: Michael Thomson (Internal) | |
| ABSTRACT: | Eastern Goldfields Limited (ASX: EGS) (Eastern Goldfields or the Company) is pleased to announce initial results from the ongoing drilling program at its Riverina Deposit (Riverina). Riverina islocated approximately 160km north west of Kalgoorlie and 48km north of the Davyhurst Mill, within the North Eastern Goldfields of Western Australia (Figure 1). Riverina has a current Mineral Resource of 2.58Mt @ 2.50g/t Au for 207,000 ounces and is one of several high priority drilling targets within the Company’s Davyhurst Project. Riverina is at an advanced stage, with considerable oxide tonnes already defined. The current drilling program is being undertaken to infill the known mineralisation and upgrade the existing Mineral Resource for compliance with the JORC Code 2012. Planned drilling has also been designed to extend the existing Mineral Resource into areas that are currently constrained by a lack of drill holes. Riverina has a long history of underground mining (100Kt @ 15.8g/t Au) on the main lode, in addition to a more recent shallow open pit mining event (22Kt @ 1.78g/t Au) that focused on the eastern footwall lodes. The current drilling program is aimed at infill drilling of the eastern lodes, while also assessing the underground potential of the main lodes. | |
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