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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2017: Explaurum Ltd. announces an Exploration/Drilling Update report for its Tampia deposit at the Tampia project. Drilling results incl. 7m @ 20.55g/t Au from 135m. Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to announce th | |
| Resources: | (Resource, Inf.): 4.7Mt @ 2.0g/t Au for 310000oz Au contained (cut, 1.0g/t Au cut-off) at Gault | |
| CP/QP: | [Overall Report]: Gregor Partington (Internal) | |
| ABSTRACT: | Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to announce the third 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). A total of 173 RC holes totalling 23,408m have been completed, from an initial planned program of 26,200m, which has since been increased to 32,568m. Results have been received from an additional 60 holes to the 56 holes reported on 12 April 17 and 2 May 17 (Figure 1). Drill collar details are given in Table 1 and a list of intersections in these holes using a 0.7 g/t Au cut off are given in Table 2. A total of 56 of the holes are mineralised and 4 holes are unmineralised. Results to date, particularly in the Leicester gold zone, continue to return better results than estimated by the 2015 resource estimate model. Importantly, gold continues to be intersected from the surface to 150m depth (Figure 1, Figure 2, Figure 3 and Figure 4). All intersections fall within the economic limits of an open cut operation. Of the 131 holes with assays returned, 101 holes returned better results, 21 holes returned similar results, and 9 holes were worse than predicted by the geological model estimate. There are now sufficient results to confirm the orientation and continuity of the gold mineralisation at Tampia. The geology and gold mineralisation forms an open fold that plunges 300 to the south east (Figure 4). The fold defines the circular gravity anomaly and the stacked zones of gold mineralisation have been intersected over a 900m strike length and 350m down dip (Figure 1, Figure 2, Figure 3 and Figure 4). | |
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