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Exterra Resources Ltd.
Summary
| Project: | Linden | |
|---|---|---|
| Deposit: | Linden | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 8/17/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-8-2016: Exterra Resources Ltd. announces an Exploration/Drilling Update report for its Linden deposit at the Linden project. Drilling results incl. 2m @ 5.74g/t Au, 0.10g/t Ag from 39m at Second Fortune Extended. Exterra Resources Limited (ASX:EXC) (“E | |
| 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 final assay results from first pass sampling from the 76 hole drilling programme at Linden has confirmed the presence of economic grade mineralised zones at Second Fortune Extended, Mt Linden and Pipeline prospects. Further sampling is under way to provide complete coverage of all drill intercepts and provide a basis for interpretation leading to follow-up drilling. The Second Fortune Extended prospect is located 350m to the SSW of the Second Fortune open pit and consists of approximately 200m of previously undrilled strike length bounded in the south by one historic Rotary Air Blast (RAB) line with one hole (SFRB013) containing 12m at 3.21 g/t Au from 48m with a maximum 15.1 g/t Au over 1m and in the north by a RAB/RC line with one hole (SFRC005) containing 2m at 5.38 g/t Au from 32m, with a maximum 10.35 g/t Au over 1m and 2m at 4.09 g/t Au from 87m. Immediately to the NW in historic hole SFRB045, 4m at 22.67 g/t Au was intersected from 16m. Drilling in the recent programme consisted of 6 RC drill holes on each of 2 fences which intersected deeply weathered saprolitic clays with less weathered sedimentary and/or ultramafic schists. Scattered moderate amounts of quartz veining were present in most holes up to 11m wide. Gold mineralisation appears to correlate with increased veining. | |
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