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Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Woodleys Shear | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-4-2018: Egan Street Resources Ltd. announces an Exploration/Drilling Update report for its Woodleys Shear deposit at the Rothsay project. Drilling results incl. 0.9m @ 30.93g/t Au from 310.5m. EganStreet Resources (ASX: EGA) is pleased to advise that w | |
| Resources: | (Resource, I+I): 307koz contained at a grade of 10.9g/t Au at project | |
| CP/QP: | [Overall Report]: Julie Reid (Internal) | |
| ABSTRACT: | EganStreet Resources (ASX: EGA) is pleased to advise that work has commenced on an impending Mineral Resource update for its 100%-owned Rothsay Gold Project in WA following the receipt of additional outstanding high-grade drilling results which continue to demonstrate the project’s strong growth potential. All results from the exploration campaigns undertaken in the first quarter have now been received and are being included in the Resource modelling that is currently underway. The updated Mineral Resource, which will be completed this month, will in turn underpin the Definitive Feasibility Study (DFS) of the project, due for completion during Q2, 2018. The latest assay results come from four diamond holes which were drilled as part of the infill and extensional programme at the key Woodley’s and Woodley’s East Shears at Rothsay. An additional intersection from the previously reported hole RYDD064, in the Woodley Ultramafic, is also included in the current announcement. The infill drilling specifically targeted areas outside of the current Woodley’s East Resource at depth. The results are particularly encouraging and included: 0.9m at 30.9g/t Au from 310m, 1.0m at 22.3g/t Au from 309m and 0.75m at 10.0 g/t Au from 232.6m. The previously reported hole RYDD064 also returned a strong intersection of 1.85m at 13.5g/t Au from 409.5m, which is only 5.7m further up-hole from the previously reported intercept of 1.2m at 11.2g/t Au from 417m. | |
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