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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-4-2017: Explaurum Ltd. announces an Exploration/Drilling Update report for its Tampia deposit at the Tampia project. Drilling results incl. 28m @ 6.03g/t Au from 7m. Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to announce the | |
| Resources: | (Resource, Inf.): 4.7Mt @ 2.0g/t Au for 310000oz Au contained (cut, 1.0g/t Au cut-off) | |
| CP/QP: | [Overall Report]: Gregor Partington (Internal) | |
| ABSTRACT: | Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to announce the first batch of results from the resource RC drilling program at the Tampia Gold Project, located 300km east of Perth near the wheat belt township of Narembeen (Figure 1). The commencement of the program was announced on 21 February 2017. A total of 70 RC holes for 9,712m have been completed since then, from a total planned program of 26,200m, which has since been increased to 29,103m. Results to date have exceeded expectations. Of the 28 holes with assays returned, 13 holes returned better results than predicted by the gold grade model, 13 holes returned results similar to the gold grade model and 2 holes were worse than predicted by the gold grade model. Comments from John Lawton, Managing Director “The first assay results from the Tampia resource drilling program are very encouraging. The discovery of a new zone of shallow high grade gold mineralisation within the infill area is exciting and highlights the potential to significantly upgrade the current Inferred resource estimate of 370,000oz. The extent of this new mineralisation will become known as further assays become available. Results to date support our geological model and have confirmed continuity of mineralisation over the 1000m x 750m resource area which is expected to produce a JORC 2012 Measured and Indicated resource in mid-2017. Exploration activities outside of the known resource area have highlighted the excellent potential for further discoveries within a 10km radius of the Company’s main target. Results of a 400km2 airborne gravity program are being finalised, and a major soil geochemistry program is currently in progress. Results from both programs will be published as they become available.” | |
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