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Exterra Resources Ltd.
Summary
| Project: | Bar Twenty | |
|---|---|---|
| Deposit: | Bar Twenty | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-7-2017: Exterra Resources Ltd. announces an Exploration/Drilling Update report for its Bar Twenty deposit at the Bar Twenty project. JV - Drilling results incl. 4m @ 7.5g/t Au from 19m. Exterra Resources Ltd (Exterra, ASX:EXC) is pleased to advise that | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Davis (Not stated) | |
| ABSTRACT: | Exterra Resources Ltd (Exterra, ASX:EXC) is pleased to advise that a Farm-in and Joint Venture Agreement (JV Agreement) has been executed, with Bar Twenty Pty Ltd, over the Bar Twenty Gold Project (Bar Twenty) which is located approximately 20km WNW of the Second Fortune Gold Mine at Linden. The Bar Twenty project development will be run in parallel with the “cornerstone” Second Fortune Mine development and has the potential to generate a secondary source of ore to add to the planned production from the Second Fortune Mine. Bar Twenty consists of a granted mining lease and 3 granted prospecting licences and has been RC drilled by Bar Twenty Pty Ltd, with 80 holes completed for 1,785 metres of drilling (Table 2). At the South-East (Main) Workings 56 RC holes for 1,377m have been drilled to outline the gold mineralisation. (Figures 2 and 3). Further RC drilling is planned to commence early in July, which, when combined with the current data available, will be used to generate a JORC compliant mineral resource estimate which will form the basis of economic studies to determine the potential for mine development. Results will be announced when they become available. | |
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