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Estrella Resources Ltd.
Summary
| Project: | Munda | |
|---|---|---|
| Deposit: | Munda | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-10-2019: Estrella Resources Ltd. announces an Exploration/Drilling Update report for its Munda deposit at the Munda project. Drilling results incl. 16.00m @ 21.6g/t Au from 102.00m. Estrella Resources Limited (ASX: ESR) (Estrella or the Company) is deli | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Neil Hutchison (Geolithic Geological Services) | |
| ABSTRACT: | Estrella Resources Limited (ASX: ESR) (Estrella or the Company) is delighted to advise that assay results have been returned from diamond core drilling completed at the Company’s 100% owned Munda Gold Project (Gold Rights only) at Widgiemooltha, 34km south west of Kambalda, WA. (Figure 1). Results have exceeded the Company’s expectations, returning numerous very high-grade mineralised zones which contain “Bonanza” grades as shown in Table 1 below and detailed in Table 3. Drilling was designed to target and define interpreted high grade plunging gold shoots at depth, away from the main pit zone (Figure 2). The high grade plunging shoot interpretation is a new concept, significantly different to interpretations undertaken by previous explorers. The interpreted high-grade gold shoots were 3D modelled by The Company using implicit modelling software on historical drilling datasets. The new drilling reported in this announcement has confirmed the high grade plunging shoot interpretation (Figure 3). This will have a significant impact on future drill targeting, allow an update to the JORC 2012 Mineral Resource, provide confidence in the 3D geological models, and allow robust economic evaluations to occur for the first time on The Project. | |
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