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Eastern Goldfields Ltd.
Summary
| Project: | Mulline | |
|---|---|---|
| Deposit: | Victoria, Tietkins | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2017: Eastern Goldfields Ltd. announces an Exploration/Drilling Update report for its Victoria, Tietkins deposit at the Mulline project. Drilling results incl. 4.0m @ 10.90g/t Au from 92.0m. Eastern Goldfields Limited (ASX:EGS) (Eastern Goldfields or | |
| Resources: | (Resource, I+I): 5.6Mt @ 2.2g/t Au for 390000oz Au contained at project | |
| CP/QP: | [Overall Report]: Michael Thomson (Internal) | |
| ABSTRACT: | Eastern Goldfields Limited (ASX:EGS) (Eastern Goldfields or the Company) is pleased to announce results from its Callion, Riverina and Mulline deposits within its Davyhurst Hub. The Davyhurst Hub consists of a number of mining centres located with a 40 kilometre radius of the Davyhurst mill including Siberia, Davyhurst, Waihi, Callion, Mulline and Riverina. Recent reverse circulation (RC) and diamond drilling has focused on resource targets and prospects within the Callion, Riverina and Mulline mining centres. These deposits remain the subject of ongoing resource development work with the aim of providing mid to long term ore sources for the Davyhurst processing plant. Drilling is currently continuing at Riverina and will recommence shortly at Callion. Further results will be released to market as they become available. Executive Chairman Michael Fotios said: “The Callion and Riverina deposits continue to impress, with our geological knowledge now growing at an exponential rate. We are planning additional drilling on both Callion and Riverina, with greater emphasis on extensional drilling rather than resource definition. Early drilling at Mulline (Victoria and Tietkins prospects) has returned very encouraging results and Mulline will become a site of intensive drilling activity in the coming months given the number of open pit oxide targets that exist in this mining centre.” | |
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