For thousands of other reports visit RSC's Mineral Intellingence Map
Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Mace | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-9-2018: Explaurum Ltd. announces an Exploration/Drilling Update report for its Mace deposit at the Tampia project. Drilling results incl. 6.0m @ 7.02g/t Au from 5m. Commenting on the latest Mace drilling results, Explaurum Managing Director, John Lawton | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregor Partington (Internal) | |
| ABSTRACT: | Commenting on the latest Mace drilling results, Explaurum Managing Director, John Lawton, said: “The Mace supergene zone, located immediately to the west of the proposed Tampia open pit, is rapidly shaping up to be a highly significant discovery for Explaurum and the Tampia Project. The high-grade nature, shallowness and adjacent location to the Tampia Pit create significant opportunities to incorporate the Mace deposit to the front of the proposed mine plan which would have significant economic improvements to the announced feasibility study, in particular first year’s production, operating costs and payback. The results from recent infill and extensional drilling, along with the modelling of all Mace results to date, confirm the presence of a sizeable body of high-grade gold mineralisation with a strike extent that now exceeds 1.1 2 kilometres. It is the intrinsic characteristics of the mineralisation, combined with the impressive and growing footprint of the Mace deposit, that has led the Explaurum Board to fast track assessment of Mace over the next two months to define a maiden resource and incorporate the results in the current Tampia Project BFS and mine planning.” Mace extensional and infill drilling Explaurum is pleased to announce the results from recently completed extensional and infill drilling of the Mace supergene gold deposit. The results from Mace confirm a significant increase in the strike extent of the supergene mineralisation to approximately 1.1km. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report