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Encounter Resources Ltd.
Summary
| Project: | Selby JV | |
|---|---|---|
| Deposit: | Afghan, Mojave | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/23/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-1-2020: Encounter Resources Ltd. announces an Exploration/Drilling Update report for its Afghan, Mojave deposit at the Selby JV project. Drilling results incl. 10m @ 0.69g/t Au from 228m. The directors of Encounter Resources Ltd (“Encounter / the Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Bewick (Internal) | |
| ABSTRACT: | The directors of Encounter Resources Ltd (“Encounter / the Company”) are pleased to provide an update on recent drilling activities in the Tanami region of WA, held in joint venture with Newcrest. Commenting on the drilling results, Encounter Managing Director Will Robinson said: “The first pass RC drilling at the Afghan and Mojave prospects in the Tanami has confirmed historical near surface gold and intersected new zones of gold anomalism within tightly folded dolerite bedrock. The level of bedrock gold anomalism at Mojave potentially represents a halo to a higher-grade, orogenic gold deposit and the primary structural target located south-east remains open and untested.” Newcrest is sole funding exploration activities across a series of joint ventures with Encounter in the Tanami and West Arunta regions of WA. Three of these joint ventures (Watts, Selby and Lewis) cover over 100km of strike along the major structural corridor (Trans-Tanami Structure) that extends through the Tanami region of WA. Mojave, in the Selby JV, is located within a 7km NW trending corridor of arsenic anomalism (As >100ppm). Two discrete zones of known gold anomalism (>0.1g/t Au), named Yosemite and Mojave sit within this regionally significant anomaly. Historical drilling at Mojave defined a discrete near surface gold anomaly that remains open along strike and down plunge. Anomalism at Mojave is located on an interpreted fold hinge at the transition between the Stubbins Formation (equivalent unit to the host of the +14Moz Callie gold deposit) and Killi Killi formation. | |
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