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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-8-2017: Explaurum Ltd. announces an Exploration/Drilling Update report for its Tampia deposit at the Tampia project. Drilling results incl. 8m @ 6.67g/t Au from 41m. 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) at Gault | |
| CP/QP: | [Overall Report]: Gregor Partington (Internal) | |
| ABSTRACT: | Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to announce the final update of results from the recently completed resource RC drilling program at the Tampia Gold Project, located 300km east of Perth near the wheat belt township of Narembeen (“Tampia”). Assay results reported in this announcement are from an additional 39 holes to those holes previously reported on 12 April, 5 May, 13 June, 5 July and 7 August 2017 (Figure 1). Drill collar details for all holes drilled are given in Table 1 and a list of intersections for the reported holes using a 0.7 g/t Au cut off are given in Table 2. A total of 37 of the reported holes are mineralised. Commenting, John Lawton, Managing Director: “Our recently completed drill program has delivered results above expectation, and we look forward to presenting an updated Indicated JORC resource for Tampia in early September 2017. Work on an updated Scoping Study, incorporating the updated resource together with previously announced gold recovery improvements, is well advanced with results expected to be released by the end of October. We expect the financials from this study will further improve the case for a standalone operation at Tampia. A Feasibility Study program for the Tampia Gold Project commenced in July targeting completion by the end of the year. Detailed work on mining, metallurgy, process design, groundwater and geotechnical aspects are in progress with environmental studies planned for September. Outside of the main project area, planning for exploration drilling of the Company’s high priority regional targets has commenced as we quickly move to gain a better understanding of the potential for new gold deposits within a 10 -15km radius of Tampia.” | |
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