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Encounter Resources Ltd.
Summary
| Project: | Telfer West | |
|---|---|---|
| Deposit: | Telfer West | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2016: Encounter Resources Ltd. announces an Exploration/Drilling Update report for its Telfer West deposit at the Telfer West project. Drilling results incl. 20.43m @ 0.88g/t Au from 333.52. The directors of Encounter Resources Ltd (“Encounter” or “t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Bewick (Internal) | |
| ABSTRACT: | The directors of Encounter Resources Ltd (“Encounter” or “the Company”) are pleased to provide an update on the progress of the diamond drilling program at the Telfer West project (“Telfer West”) including first assay results from the first diamond hole drilled by the Company at the Egg Prospect. Background The Telfer West Exploration licence, E45/4613, covers an area of approximately 121km2 and is located 25km north-west of Newcrest’s major gold-copper operation at Telfer (Figure 1). Historical exploration at Telfer West was conducted by WMC and Newmont from 1983-1993 targeting gold mineralisation in a similar geological setting to Telfer. The tenement covers an 8km by 5km domal formation of Proterozoic sediments that is bounded to the northwest and southeast by late stage granitic intrusions (Figures 2 & 3). The domal structure has a core of Isdell Formation overlain by the Malu Formation, Telfer Formation and sediments of the Puntapunta Formation. These geological units are the main hosts of gold-copper mineralisation at Telfer. The north-eastern limb of the dome is outcropping and was the focus of historical exploration in the 1980s. Importantly, the southwestern limb of the dome and the northern fold nose extends under cover and are largely untested. Diamond Drilling – First Assay Results The first diamond drill hole drilled by Encounter at Telfer West has been completed at the Egg Prospect. This drill hole has confirmed the presence of a broad, steep dipping zone of stockwork style gold mineralisation within a strongly silicified massive quartzite unit (Figure 4). The stockwork zone contains multiple quartz veins containing pyrite and sporadic arsenopyrite over a downhole length of 90m. The eastern margin of the stockwork system was selected for priority analysis. This 20 metre section of the stockwork contained the highest concentration of sulphide over a 4 metre interval within a broad zone of fractured and silicified quartzite (Photo1). | |
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