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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/8/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-6-2016: Explaurum Ltd. announces an Exploration/Drilling Update report for its Tampia deposit at the Tampia project. Drilling results incl. 7m @ 10.11g/t Au from 68m in THRC047. Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to an | |
| 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; Mark Calderwood (Internal) | |
| ABSTRACT: | Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to announce the results from the April RC drilling program at the Tampia Gold Project, located 300km east of Perth near the wheat belt township of Narembeen (Figure 1). 42 RC holes totalling 3,762m were completed, with interim results for the first seven drill holes announced previously (3 May 2016). A total of 28 holes were drilled in the mafic gneiss that hosts mineralisation at Tampia and 14 holes were drilled in new targets defined by data from the recent gravity survey. The holes in the Tampia mafic gneiss are spread across the gravity anomaly, intersecting mineralisation from the near surface in THRC059, THRC064 and THRC066 to 128m depth in THRC048, confirming the relationship between gravity highs, mafic gneiss and gold mineralisation. A preliminary review of the new intersections indicates that 18 of the 44 holes drilled intersected similar or better mineralisation than predicted by the current gold grade model, 22 holes intersected similar mineralisation as the model and 4 holes did not hit the mineralisation predicted by the model. | |
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