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Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-2-2018: Egan Street Resources Ltd. announces an Exploration/Drilling Update report for its Rothsay deposit at the Rothsay project. Drilling results incl. 1m @ 56g/t Au from 101m. EganStreet Resources (ASX: EGA) is pleased to announce that its strategy | |
| Resources: | (Resource, I+I): 880Kt @ 10.9g/t Au for 307koz Au contained at project | |
| CP/QP: | [Overall Report]: Julie Reid (Internal) | |
| ABSTRACT: | EganStreet Resources (ASX: EGA) is pleased to announce that its strategy to grow the 307,000-ounce Resource at its Rothsay gold project in WA is proceeding to plan with another host of high-grade drilling results. The results come from 18 infill holes at Rothsay. This programme is being conducted in parallel with the Resource extension drilling underway, with results from both programmes expected to underpin a new Resource estimate. The infill drilling includes shallow holes on the Woodley’s Shear which successfully intersected high-grade mineralisation. Two holes were drilled into the southern section of the mineralisation and returned 4.0m at 8.5g/t Au (including 1.0m at 28.8g/t Au) from 127m in RHRC061 and 2.0m at 5.1g/t Au from 74m in RHRC060. This confirms the continuity of the high-grade near-surface mineralisation and provides additional confidence that the historical RC drilling used in the Mineral Resource Estimate is accurate. Infill drilling on the Woodley’s East Shear was undertaken in the central and southern sections. This intersected significant mineralisation in 73% of the holes drilled, with 40% of the intersections above 5 gram-metres. This includes 1.0m at 56g/t Au from 101m in RHRC059, 1.0m at 8.3g/t Au from 74m in RHRC031, 1.0m at 6.4g/t Au from 116m in RHRC058m, 1.0m at 5.7g/t Au from 78m in RHRC056 and 1.0m at 5.1g/t Au from 22m in RHRC053. | |
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