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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 30-10-2017: Explaurum Ltd. announces an Exploration/Drilling Update report for its Tampia deposit at the Tampia project. Drilling results incl. 8m @ 21.83g/t Au from 29m. Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to announce re | |
| Resources: | (Resource, Total): 11.318Mt @ 1.91g/t Au for 695000oz Au contained (0.5g/t Au cut-off) | |
| CP/QP: | [Overall Report]: Gregor Partington (Internal) | |
| ABSTRACT: | Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to announce results from the recently completed metallurgical diamond drilling program at the Tampia Gold Project, located 300km east of Perth near the wheat belt township of Narembeen (“Tampia”). The holes were planned to provide samples for the ongoing feasibility metallurgical test work, including a master composite representative of the first three years of mine production and eight variability samples that cover the resource area from north to south and were designed to test variation in metallurgical recovery with depth, high gravity gold mineralisation, high As and low As mineralisation, granite hosted mineralisation, as well as oxide and transitional mineralisation. Commenting, John Lawton, Managing Director: “The diamond drill core was collected for the ongoing feasibility metallurgical test work program and provided another opportunity to test the robustness of our resource estimate. It was particularly encouraging to see coarse visible gold confirming the results from the RC resource drilling program which indicates more gold than the resource model estimate. The samples from the diamond core will now be processed and provide the required samples for the feasibility metallurgical test work, which will allow us to deliver the results of the current feasibility study early in 2018. The updated Scoping Study and Feasibility Study are progressing well with mining, process design, metallurgical test work, hydrology, heritage, financial and environmental studies all progressing well. Exploration on the 24 high priority regional gravity targets continues. | |
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