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Encounter Resources Ltd.
Summary
| Project: | East Thomsons | |
|---|---|---|
| Deposit: | East Thomsons | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-11-2017: Encounter Resources Ltd. announces an Exploration/Drilling Update report for its East Thomsons deposit at the East Thomsons project. Drilling results incl. 4m @ 4.31g/t Au from 0m. The directors of Encounter Resources Ltd (“Encounter / Company | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Bewick (Internal) | |
| ABSTRACT: | The directors of Encounter Resources Ltd (“Encounter / Company”) are pleased to announce high grade assay results from the recent drill program and widespread surface coarse gold recovered from new reefs at East Thomson’s Dome (“ETD”). Commenting on the results, Encounter Managing Director Will Robinson said: “The early results from the recent aircore/RC drill drilling has expanded the footprint of the gold system at East Thomson’s Dome. The widespread coarse gold recovered is indicative of multiple gold reefs with some impressive nuggets discovered. The discovery of the new 46 Reef in a new area with no previous exploration demonstrates the high potential to identify more gold-bearing reefs from the upcoming ultra-detailed surface mapping program utilising drone technology.” The interpretation of the results from the Fold Closure is ongoing. Once assay results from all holes are available, a more comprehensive update will be provided. In addition to the RC program, a three hole aircore program was completed in an area ~250m northeast of the Fold Closure reef to provide an initial drill test of an area of gold soil geochemical anomalism. Aircore hole ETG114 contained a 38m intersection grading 0.3g/t from 44m. The thick and shallow intersection in this drill hole opens up the north-western area and a systematic drill test of this area will be completed in early 2018. | |
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