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Exterra Resources Ltd.
Summary
| Project: | Linden | |
|---|---|---|
| Deposit: | Hill East, Golden Orb, Alawa | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-7-2016: Exterra Resources Ltd. announces an Exploration/Drilling Update report for its Hill East, Golden Orb, Alawa deposit at the Linden project. Drilling results incl. 2m @ 29.47g/t Au from 66m at Alawa. Exterra Resources Limited (ASX:EXC) (“Exterra” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Davis (Internal) | |
| ABSTRACT: | Exterra Resources Limited (ASX:EXC) (“Exterra”) is pleased to advise that assay results from the second batch of samples from portions of the first 57 holes from the 76 hole drilling programme at Linden have been received and confirm the presence of multiple mineralised zones at the Hill East, Golden Orb and Alawa prospects. So far drilling at Hill East has identified multiple zones of ore grade gold intercepts over at least 1km of strike, with significant widths in the oxidized zone, and with primary mineralisation associated with quartz stringers in a sequence of mafic volcanics, sediments and porphyry. Significantly results at Hill East and Golden Orb confirm gold mineralization hosted within mafic and porphyry lithologies with highly anomalous silver to 22.60 g/t at Golden Orb and arsenic to 1.35% at Hill East. The results confirm the need for further follow-up drilling at Hill East, Golden Orb and Alawa. Further assay results from drilling completed at Cuckoo Hawk, Pipeline, Second Fortune Extended, Marloo and Mt Linden are expected shortly. These results at Hill East further confirm significant gold mineralisation with associated highly anomalous arsenic over at least 1 km of strike and near surface. The fact that the mineralisation is associated with porphyry intrusives and with significant quantities of gold being intersected in the oxide and transitional zones highlights the potential for open pittable gold deposits at the Linden Project, in addition to the already identified high grade narrow vein style previously discovered at the Second Fortune Gold Mine and as reported in the current drilling at Alawa. | |
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