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Eastern Goldfields Ltd.
Summary
| Project: | Riverina | |
|---|---|---|
| Deposit: | Riverina | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-10-2017: Eastern Goldfields Ltd. announces an Exploration/Drilling Update report for its Riverina deposit at the Riverina project. Drilling results incl. 19.0m @ 2.41g/t Au from 12.0m. Eastern Goldfields Limited (ASX: EGS) (Eastern Goldfields or the Co | |
| Resources: | (Resource, I+I): 2.585Mt @ 2.50g/t Au for 205000oz Au contained at Riverina | |
| CP/QP: | [Overall Report]: Andrew Czerw (Internal) | |
| ABSTRACT: | Eastern Goldfields Limited (ASX: EGS) (Eastern Goldfields or the Company) is pleased to announce results from drilling at its Riverina deposit, located within the Davyhurst Mining Hub, approximately 160 kilometres north west of Kalgoorlie and 45 kilometres North of the Davyhurst processing plant. The Riverina Deposit has a current Mineral Resource of 2.6 Mt @ 2.5 g/t Au for 205,000 ounces and is one of several high priority drilling targets at the Davyhurst Project. It is at an advanced stage with a high proportion of oxide tonnes defined. The current resource definition drilling has focused on the bulk tonnage potential of the Eastern Lode System located in the footwall volcanic/meta‐sedimentary sequence east of the Main Lode. Holes were targeted to test a 200 metre wide zone with fewer holes drilling through to the narrow but high grade Main Lode position. Drilling continues, and is designed to infill and upgrade the existing Resource to be JORC 2012 compliant. The Company is pursuing numerous opportunities to expand and extend the known Resource into areas currently constrained by a lack of drilling coverage. Assays are awaited from 14 RC and 30 Diamond holes totalling 5277 samples | |
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