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Encounter Resources Ltd.
Summary
| Project: | Lamil | |
|---|---|---|
| Deposit: | Lamil | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-5-2020: Encounter Resources Ltd. announces an Exploration/Drilling Update report for its Lamil deposit at the Lamil project. Drilling results incl. 148m @ 0.019ppm Au from 142m. The directors of Encounter Resources Ltd (“Encounter”) are pleased to provi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Bewick (Internal) | |
| ABSTRACT: | The directors of Encounter Resources Ltd (“Encounter”) are pleased to provide an update on the recent four hole drill program at the 100% owned Lamil Copper-Gold Project in the Paterson Province of Western Australia. Commenting on the drilling at Lamil, Encounter Managing Director Will Robinson said: “Drilling of the IP anomalies at Lamil has defined a significant zone of brecciation and alteration that is interpreted to be a major structural fluid pathway which is consistent with the geological model of the deposit type being targeted at Lamil. The first batch of fire assays from the breccia zone in one hole confirmed extensive gold anomalism exists throughout the structure, providing further encouragement. The processing of drill core from the program continues with gold and multi-element results from all holes expected in June 2020.” Background Lamil covers an area of ~61km2 and is located 25km northwest of the major gold-copper mine at Telfer, owned by Newcrest Mining Ltd (ASX:NCM). Lamil is adjacent to a major regional gravity lineament which marks the location of a significant structure and deformation zone that would have acted as a major pathway for ore forming fluids during the formation of the Proterozoic aged deposits. This is a regionally similar structural context to the setting of Rio Tinto Ltd’s (ASX:RIO) Winu copper-gold deposit (Figure 2) | |
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