For thousands of other reports visit RSC's Mineral Intellingence Map
Eastern Goldfields Ltd.
Summary
| Project: | Siberia | |
|---|---|---|
| Deposit: | Sand King | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 28-8-2017: Eastern Goldfields Ltd. announces an Exploration/Drilling Update report for its Sand King deposit at the Siberia project. Drilling results incl. 24m @ 1.69g/t Au. Eastern Goldfields Limited (ASX: EGS) (Eastern Goldfields or the Company) is plea | |
| Resources: | (Reserve, Prob.): 2.025Mt @ 2.3g/t Au for 150000oz contained at Siberia | |
| CP/QP: | [Overall Report]: Michael Thomson (Internal) | |
| ABSTRACT: | Eastern Goldfields Limited (ASX: EGS) (Eastern Goldfields or the Company) is pleased to announce that additional nearsurface gold mineralisation has been defined at the Siberia Project, located approximately 80 kilometres north west of Kalgoorlie and 37 kilometres south east of the Davyhurst Mill (Figure 2). Executive Chairman Michael Fotios said: “This discovery of new, near surface mineralisation at Siberia is significant on multiple fronts. It will ultimately enhance early cashflows from the Davyhurst plant by bolstering the scheduled low grade mill feedstock, and importantly the lode system remains open with potential for further near‐surface discoveries with consistent grades.” The Sand King laterite prospect deposit is located along the south‐eastern edge of the Sand King pit, proximal to a large and regionally significant mafic/ultramafic contact (refer Figures 2, 7), associated with numerous high‐ grade gold resources and occurrences over some 20 km of strike. The gold mineralisation occurs within a ferruginous, pisolitic laterite deposit, primarily consisting of pisoliths within a finer‐grained matrix, generally from 2‐4m below the surface, likely averaging 4m in thickness, immediately beneath the soil profile. The pisoliths are well‐rounded, with no obvious sorting. The approximate centre of the laterite zone is marked by the presence of a hard, iron and silica‐rich ferricrete horizon, surrounded by calcrete/silcrete lenses and layers throughout the laterite, as observed in the wall of the Sand King ramp. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report