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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 12-2-2018: Explaurum Ltd. announces an Exploration/Drilling Update report for its Tampia deposit at the Tampia project. Drilling results incl. 5m @ 1.51g/t Au from 67m. Explaurum Limited (ASX:EXU) is pleased to announce the first results from its regional | |
| Resources: | (Resource, I+I): 11.318Mt @ 1.91g/t Au for 695.5Koz Au at Tampia | |
| CP/QP: | [Overall Report]: Gregor Partington (Internal) | |
| ABSTRACT: | Explaurum Limited (ASX:EXU) is pleased to announce the first results from its regional scout exploration drilling program of the Tampia Gold Project tenements in the wheat belt region of Western Australia near Narembeen (Figure 1). Most exploration to date at Tampia has focussed on the known resource area where the 2017 resource drilling program was completed leading to a significant increase in the Tampia Gold resource, which now contains 11,318,000 tonnes at 1.91 g/t Au for 695,500 ounces of gold at a 0.5 g/t Au cut off (Table 1). This program and earlier exploration drilling has provided information on the geology of the resource area and controls on gold mineralisation. The regional geology outside of the resource area was surveyed by the Company using airborne gravity that identified 24 targets with similar gravity anomalies to the known gold mineralisation at Tampia. Regional auger soil sampling started in November 2017 to test these gravity anomalies and this work is on-going. The first targets generated from this work are being drill tested to acquired detailed geological and geochemical information that will allow the prioritisation of all soil and gravity targets for grid resource targeting drilling later in 2018. | |
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