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Element 25 Ltd.
Summary
| Project: | Green Dam | |
|---|---|---|
| Deposit: | Green Dam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-1-2019: Element 25 Ltd. announces an Exploration/Drilling Update report for its Green Dam deposit at the Green Dam project. Drilling results incl. 8.00m @ 244ppb Au from 16m. An aircore drilling programme was completed at the Green Dam Project during 2 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Justin Brown (Internal) | |
| ABSTRACT: | An aircore drilling programme was completed at the Green Dam Project during 2018. The drilling was designed to test a regionally extensive “gold in soil” anomaly in the southern area (Flanker prospect) of the Project (previously reported in December 2017 Quarterly Report). This anomaly trends in a NW direction and is highlighted by elevated gold values exceeding 5ppb Au (up to a maximum of 35ppb Au) over an area of approximately 3km by 1.5km. This prospect is located 18km to the east of the 1.1M oz Bombora Gold Deposit (Breaker Resources). There are several other gold and nickel anomalies that remain untested within the Green Dam Project tenure. The initial testing of this southern anomaly was completed using broad spaced air core drilling (600m x 100m). A total of 49 holes for 1,104m covering four drill traverses were completed during the quarter. The best results from this drilling are outlined in Table 1. | |
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