For thousands of other reports visit RSC's Mineral Intellingence Map
Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 7-11-2018: Egan Street Resources Ltd. announces an Exploration/Drilling Update report for its Rothsay deposit at the Rothsay project. Drilling results incl. 2.0m @ 116.9g/t Au from 264m. Egan Street Resources Limited (ASX: EGA, EganStreet or the Company) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julie Reid (Internal) | |
| ABSTRACT: | Egan Street Resources Limited (ASX: EGA, EganStreet or the Company) is pleased to announce additional exceptional high-grade results, including bonanza intercepts grading 776g/t, 216g/t Au and 66.3g/t Au, from diamond drilling outside the current Resource at its 100%-owned Rothsay Gold Project in WA, (Rothsay or the Project). The assays from the latest diamond drilling confirm that the high-grade mineralisation extends to the south on the Woodley’s and at depth on the Woodley’s East Shear, which host the current 401,000oz JORC Resource at Rothsay. In light of the success of the recently completed 16-hole resource extension drilling programme, EganStreet will shortly commence work on an updated Mineral Resource estimate for the Rothsay Project. EganStreet Managing Director Marc Ducler said the Company was continuing to pursue opportunities to grow its gold inventory at Rothsay while completing the final phase of permitting and advancing funding discussions and pre-development activities. The extensional diamond drilling programme targeting southern extensions of the two main gold-hosting structures, the Woodley’s and Woodley’s East Shears, has been very successful. With all of the assay results now to hand, work will begin shortly on an updated Mineral Resource. “We are also about to commence a major new 5,000m RC drill programme targeting mineralisation beneath the historical Orient open pits, where we believe there is excellent potential to define additional mineralised positions. Historical drilling completed in this area some 30 years ago returned spectacular intercepts of 2m @ 84.12g/t Au (including 1m @ 145.9g/t Au) and will be followed up as part the impending drilling programme. “In the meantime, the permitting process is now entering its final stages with the last two applications for approval now submitted to the Department of Water and Environmental Regulation (DWER) and The WA Department of Mines, Industry Regulation and Safety (DMIRS).” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report