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Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-1-2018: Egan Street Resources Ltd. announces an Exploration/Drilling Update report for its Rothsay deposit at the Rothsay project. Drilling results incl. 0.33m @ 59.01g/t Au from 376.15m. EganStreet Resources (ASX: EGA) is pleased to announce a signifi | |
| 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 a significant acceleration of the exploration campaign at its Rothsay gold project in WA, with a third drill rig now operating. The Company now has two diamond rigs and one RC rig drilling at Rothsay as part of its strategy to both grow and upgrade the confidence of the existing Resource base of 307,000oz. The exploration programme includes infill and extensional drilling on Woodley’s and Woodley’s East Shears, as well as regional diamond and RC drilling on the Orient, Clyde, Clyde East and the Miners Shears. Diamond drilling resumed early last week on the Orient, Clyde and Clyde East Shears. This is targeting an area in the south which closely resembles the British Queen area on the Woodley’s Shear. The diamond rig will then move to the Miners Shear. The regional drilling programme is designed to test for mineralisation, targeting intercepts at least 200m from surface, which is well below historic workings. Diamond drilling has also started to test down-plunge mineralisation in the deeper portions of the Woodley’s Shear to upgrade areas of the Inferred Resource to the Indicated classification. Additional diamond holes have also been designed targeting the Woodley’s East Shear | |
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