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Encounter Resources Ltd.
Summary
| Project: | Nazare | |
|---|---|---|
| Deposit: | Nazare | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-4-2019: Encounter Resources Ltd. announces an Exploration/Drilling Update report for its Nazare deposit at the Nazare project. No significant assays returned from AC drilling. The directors of Encounter Resources Ltd (“Encounter” or “the Company”) advis | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Bewick (Internal) | |
| ABSTRACT: | The directors of Encounter Resources Ltd (“Encounter” or “the Company”) advise of the completion and receipt of assay results from an initial 33 hole aircore drilling program at the Nazare Gold Project (100% ENR) in the Laverton Tectonic Zone. The project is located ~150km east-north-east of Kalgoorlie. Nazare was selected for an initial trial of an innovative new CSIRO-developed geochemical sampling technique, UltraFine+. This new geochemical sampling technique separates and analyses the -2 micron fraction of a surface soil sample and is being trialled in areas of thin cover where traditional soil geochemistry is largely ineffective. Two 400m spaced lines of aircore drilling were completed to test a discrete ~1km long gold anomaly generated through the Ultrafine+ geochemical sampling technique (see Figure 3). The aircore drill program intersected subtle gold anomalism within the overlying cover sediments that was broadly coincident with the location of the Ultrafine+ geochemical anomaly, however the drilling did not intersect material gold anomalism within the basement. The results of this trial and implications for the application of this technology in the region are being evaluated. | |
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