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Encounter Resources Ltd.
Summary
| Project: | Telfer West | |
|---|---|---|
| Deposit: | Telfer West | |
| Location: | Australia | |
| Commodities: | Gold-Arsenic-Bismuth-Copper | |
| Date: | 7/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-7-2017: Encounter Resources Ltd. announces an Exploration/Drilling Update report for its Telfer West deposit at the Telfer West project. Drilling results incl. 122m @ 0.2g/t Au, 152ppm As, 30ppm Bi, 173ppm Cu from 38m. The directors of Encounter Resour | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Bewick (Internal) | |
| ABSTRACT: | The directors of Encounter Resources Ltd (“Encounter”) are pleased to announce that RC drilling at the Telfer West gold project (“Telfer West”) has intersected primary end of hole gold stock-work mineralisation. RC drilling - Telfer West A 3,400m RC drill program was completed at Telfer West in July 2017. This program was designed to follow up the gold intersections made to the Northern Magnetic Anomaly in April 2017 and to test for extensions along strike at the Egg prospect. The assay results from diamond hole ETG0007, drilled 800m north-west and along strike of ETG0002, are also expected in August 2017. Commenting on the results, Encounter Managing Director Will Robinson said; “This first batch of assay results has confirmed the significant strike extent of the gold stock-work mineral system discovered at Egg. The assay results from ETG0067 warrant immediate follow up with a diamond drill rig which will begin in the coming weeks. The final assay results from the program are also expected in August.” These results are currently being interpreted with assays from two further RC holes and diamond hole ETG0009 yet to be received. Based on an initial review of results, the supergene position remains open to the east, south and north. Additional drilling will be required to determine the orientation and extent of the higher grade corridors within this broad anomaly. 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. | |
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