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Encounter Resources Ltd.
Summary
| Project: | East Thomsons | |
|---|---|---|
| Deposit: | East Thomsons | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2017: Encounter Resources Ltd. announces an Exploration/Drilling Update report for its East Thomsons deposit at the East Thomsons project. Reviewed historical assay data incl. 7m @ 17.1g/t Au, 17ppm As from 16m. The directors of Encounter Resources L | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Buwick (Internal) | |
| ABSTRACT: | The directors of Encounter Resources Ltd (“Encounter” or “the Company”) are pleased to report that its ongoing review of historical exploration data from the recently acquired East Thomson’s Dome project (“East Thomson’s”) has identified the presence of high grade, near surface gold mineralisation at the Fold Closure prospect. East Thomson’s is a high quality exploration opportunity located just 5km from the major gold-copper mine at Telfer. The domal structure at East Thomson’s has a core of Telfer Formation sediments with the fold axis trending WNW. This geological setting is similar to the setting of the high grade reefs at Telfer. Historical exploration at East Thomson’s was conducted by Newmont, Duval Mining and Mt Burgess Mining NL between 1985 and 2003. The most recent exploration was completed by Barrick Gold Corporation (“Barrick”) in 2003-2006. Previous drilling completed at East Thomson’s was mainly shallow RAB and RC programmes with only 3 diamond holes drilled across the 4km by 4km project. In total, 438 holes have been drilled at East Thomson’s with only 10 of these holes exceeding 100m depth and the remainder of the holes averaging 28m depth. The review of historical exploration data is continuing. Early results from this review have identified areas that warrant immediate follow up exploration. Historical shallow exploration in the 1990s at the Fold Closure prospect discovered an area of near surface high grade gold that outcrops on the fold axis of the East Thomson’s Dome. | |
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