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Encounter Resources Ltd.
Summary
| Project: | East Thomsons | |
|---|---|---|
| Deposit: | East Thomsons | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-8-2017: Encounter Resources Ltd. announces an Exploration/Drilling Update report for its East Thomsons deposit at the East Thomsons project. Drilling results incl. 2m @ 76g/t Au from 35m. The directors of Encounter Resources Ltd (“Encounter”) are pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Bewick (Internal) | |
| ABSTRACT: | The directors of Encounter Resources Ltd (“Encounter”) are pleased to announce that first assay results from the recent RC drill program at East Thomson’s Dome (“ETD”) contain high grade gold mineralisation. The first RC drill program at ETD completed six drill sections spaced between 200m and 800m apart. This 18 hole program was designed to provide an initial drill test of the eastern half of a large (+2km long) gold soil geochemical anomaly identified at ETD and also provide the first drilling along the interpreted fold axis of the dome as it extends to the south-east. “Intersecting high grade gold in the first drill line of our first RC drill program is a very promising start to drilling at East Thomson’s. This program is designed to test part of a 2km long coincident goldcopper soil anomaly located on a large dome located just 5km from the Telfer gold-copper mine. It appears that much of the shallow historical exploration may have been ineffective and we believe there is potential for a larger picture to emerge here as we progress the drill program.” Encounter holds exploration tenure over 2,000km² of the Paterson Province in Western Australia (WA), that hosts the Telfer gold-copper mine and the Nifty copper mine. Encounter is actively exploring for gold-copper deposits in the Telfer region as well as copper-cobalt and zinc-lead deposits at Yeneena. The Company’s gold portfolio includes Telfer West, a recent shallow, high grade gold discovery and East Thomson’s Dome that includes a large scale gold soil anomaly identified adjacent to high grade outcropping gold reefs. The copper-cobalt and zinc-lead prospects identified at Yeneena are located adjacent to major regional faults and have been identified through electromagnetics, geochemistry and structural targeting. Separate to the projects in the Paterson Province, Encounter has an project generation alliance covering northern WA with Australia’s largest gold mining company, Newcrest Mining Limited (ASX:NCM). | |
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