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Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-10-2017: Egan Street Resources Ltd. announces an Exploration/Drilling Update report for its Rothsay deposit at the Rothsay project. Drilling results incl. 2m @ 21.8g/t Au from 27m. Egan Street Resources (ASX: EGA) (“EganStreet” or the “Company”) is ple | |
| Resources: | (Resource, I+I): 701kt @ 11.6g/t Au for 262koz Au contained at project | |
| CP/QP: | [Overall Report]: Julie Reid (Internal) | |
| ABSTRACT: | Egan Street Resources (ASX: EGA) (“EganStreet” or the “Company”) is pleased to announce further highgrade drilling results from the recently completed third diamond drilling programme at its 100%-owned Rothsay Gold Project (“Rothsay” or the “Project”) in WA. The results confirm extensions both down-plunge and along strike of the main Woodley’s Shear, which hosts the current high-grade Mineral Resource1 (701,000t at 11.6g/t Au for 262,000oz), and of the newly discovered Woodley’s East Shear, located ~40m east of the main Woodley’s Shear. The latest drilling continues to demonstrate potential to expand the current high-grade mineral resource inventory at Rothsay and will be included in an updated MRE, which is being prepared for release later this quarter. EganStreet’s third diamond drilling programme was completed in September 2017. The programme consisted of 13 holes totalling 4,188m and included six holes for 2,048m drilled below the mine design contemplated in the Pre-Feasibility Study (PFS) released in May 2017. It also included six holes for 1,667m to test the downplunge potential in the north from a review of drill core conducted earlier in the year, and one hole was drilled to test stratigraphy in the south. EganStreet’s Managing Director, Marc Ducler, said the results continued to demonstrate the excellent potential to add high-grade ounces in close proximity to the planned underground development at Rothsay. | |
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