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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-1-2017: Explaurum Ltd. announces an Exploration/Drilling Update report for its Tampia deposit at the Tampia project. Drilling results incl. 12m @ 1.74g/t Au from 69m. Explaurum Limited (ASX: EXU) has received the final assay results from the recent RC | |
| Resources: | (Resource, Inf.): 4.7Mt @ 2.0g/t Au for 310000oz Au contained (1.0g/t Au cut-off) | |
| CP/QP: | [Overall Report]: Gregor Partington (Internal) | |
| ABSTRACT: | Explaurum Limited (ASX: EXU) has received the final assay results from the recent RC exploration drilling program planned to establish the boundaries of mineralisation associated with the gravity anomaly, which defines the mafic gneiss that hosts the Tampia Gold Project resource in Western Australia. Results more than double the known mineralised area at Tampia, to an area over 1,000m x 750m (increasing the mineralised area by 250% compared with the resource area used in the scoping study). A total of twenty exploration RC holes were completed as part of the first phase of exploration drilling for 4,579m. The main aim of this program was to scope the lateral and vertical extent of the known resource at Tampia, and accurately map the shape of the main gold bearing mafic gneiss to confirm the most likely structural model to assist in planning the infill drilling program. The program met all planned objectives, although drilling was slower than budgeted due to the depth of some holes drilled and water intersected in several holes. The volume of water found is positive as this has the potential to provide a local source of water for a future processing operation. Drill collar details are given in Table 1 and a summary of intersections in these 20 holes are given in Table 2 and shown on Figure 2. Thirteen of the twenty holes intersected gold mineralisation. | |
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