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Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 11-2-2019: Egan Street Resources Ltd. announces an Exploration/Drilling Update report for its Rothsay deposit at the Rothsay project. Drilling results incl. 1.0m @ 34.6g/t Au from 24.0m . Egan Street Resources Limited (ASX: EGA, EganStreet or the Company) | |
| Resources: | (Resource, I+I): 1.54Mt @ 9.2g/t Au for 454Koz Au contained | |
| CP/QP: | [Overall Report]: Julie Reid (Internal) | |
| ABSTRACT: | Egan Street Resources Limited (ASX: EGA, EganStreet or the Company) is pleased to advise that it has received encouraging new results from Reverse Circulation (RC) drilling at the emerging Orient Shear satellite area, located 200m from the main Woodley’s Resource at its 100%-owned Rothsay Gold Project in Western Australia. The additional results, from a 60-hole programme conducted in Q4, 2018, demonstrate that the mineralisation on the Orient Shear is more extensive than previously thought, confirming this area as a priority focus for additional drilling to continue growing the high-grade gold inventory at Rothsay. ORIENT SHEAR RC PROGRAMME Orient Shear Following successful exploration drilling at the southern end of the Woodley’s lode, and the subsequent increase in the Rothsay Mineral Resource Estimate (MRE) for Woodley’s and Woodley’s East to 1.54Mt at 9.2g/t Au for 454,000oz (refer ASX announcement, 27 November 2018), EganStreet conducted an RC drilling programme designed to investigate potential mineralisation located below and along strike of small, historical (circa 1990) open pits at the southern end of the Orient Shear, and to identify a potential decline location with a new portal in one of the pits. | |
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