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Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-12-2017: Egan Street Resources Ltd. announces an Exploration/Drilling Update report for its Rothsay deposit at the Rothsay project. Drilling results incl. 0.55m @ 96.97g/t Au from 328.75m. Egan Street Resources (ASX: EGA) is pleased to announce extreme | |
| Resources: | (Resource, I+I): 880Kt @ 10.9g/t Au for 307koz Au contained at project | |
| CP/QP: | [Overall Report]: Julie Reid (Internal) | |
| ABSTRACT: | Egan Street Resources (ASX: EGA) is pleased to announce extremely high-grade drilling results which continue to demonstrate the outstanding potential to grow Resources at its 100 per cent-owned Rothsay Gold Project located 300km north-east of Perth in WA. RC drilling targeting the shallower mineralised positions, particularly of the Woodley’s East Shear, including extensions to the north of the existing 307,000-ounce high-grade gold Resource, is ongoing. Logging to date is encouraging, showing the presence of quartz. Diamond drilling targeting extensions of the Woodley’s Shear, the structure which hosts the current Mineral Resource at Rothsay, has also intersected the lode position, with an intersection that confirms the continuation of mineralisation down-plunge to the south. Results are still awaited on one diamond hole in the south. The remaining holes are testing down plunge mineralisation and infilling areas of inferred material for targeted conversion to indicated classification. Egan Street Managing Director Marc Ducler said the Company was on track for another Resource update at Rothsay as it progresses towards finalisation of the Definitive Feasibility Study. “These results, along with those from drilling now underway and the new programmes planned for early next year, will underpin our next Resource estimate,” Mr Ducler said. | |
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