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Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-7-2018: Egan Street Resources Ltd. announces an Exploration/Drilling Update report for its Rothsay deposit at the Rothsay project. Drilling results incl. 2.0m @ 26.3g/t Au from 33.0m. EganStreet Resources (ASX: EGA) is pleased to announce that its stra | |
| Resources: | (Resource, I+I): 1.42Mt @ 8.8g/t Au for 401Koz contained | |
| CP/QP: | [Overall Report]: Julie Reid (Internal) | |
| ABSTRACT: | EganStreet Resources (ASX: EGA) is pleased to announce that its strategy to increase the 401,000-ounce Resource at its Rothsay gold project in WA is delivering promising results, with regional drilling returning numerous high-grade intersections. The results come from 30 RC holes drilled outside the current Rothsay resource. The programme tested the upper zone of the Woodley’s northern extension as well as the gold mineralisation on the Clyde North and Miners Shears. This regional RC drilling was designed to test the gold mineralisation on the Clyde North and Miners Shears. Six RC holes were drilled into the Miners Shear with one significant intersection of 1m @ 12.3g/t. This intersection is in a similar position to RYDD061 where 1m @ 7g/t Au was previously reported from 237m. Figure 2 below shows the location in cross section. MWRC015 did not intersect the shear. Access in this area is limited and the vertical orientation was not ideal to enable an intersection. The five RC holes drilled on the Clyde Shear (CLRC017-021) did not intersect any significant mineralisation. However, further work is required in this area on the geological interpretation. The remaining drilling in the current programme on the Clyde Shear will test the area between the nort | |
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