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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2018: Explaurum Ltd. announces an Exploration/Drilling Update report for its Tampia deposit at the Tampia project. Drilling results incl. 8.0m @ 17.27g/t Au from 11m. Explaurum Limited (Explaurum or the Company) is pleased to announce preliminary res | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregor Partington (Internal) | |
| ABSTRACT: | Explaurum Limited (Explaurum or the Company) is pleased to announce preliminary results from the Tampia Resource infill drilling program. This drilling has to date strongly validated the high-grade nature of the Tampia deposit as estimated by the current Tampia Resource model. This Resource model formed the basis of the Tampia Feasibility Study, the results of which were announced to the ASX by Explaurum on 30 May 2018. Commenting on the Tampia infill results, Explaurum Managing Director, John Lawton said: “It is very pleasing to see that close-spaced drilling of the Tampia Resource has not only confirmed the highgrade nature of the Tampia deposit but also intersected additional zones of gold mineralisation between the previous 40m by 40m resource holes. This provides Explaurum with significant confidence in the validity of the Tampia Resource model as well as the clear potential for the Tampia deposit to contain more gold within the planned mining areas. “In combination with the Mace and Anomaly 8 discoveries, Explaurum now has three near-term opportunities to expand mining inventory and life at the Tampia Project, and continue to drive its already impressive forecast returns. The confirmation of ultramafic gneiss within the sequence provides additional confirmation that Tampia is part of a new unexplored greenstone sequence like the Southern Cross Belt, 120 km to the east, which has multiple clusters of gold occurrences. We see similar potential for the Tampia region.” | |
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