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Exterra Resources Ltd.
Summary
| Project: | Linden | |
|---|---|---|
| Deposit: | Linden | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 2/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2017: Exterra Resources Ltd. announces an Exploration/Drilling Update report for its Linden deposit at the Linden project. Drilling results incl. 4m @ 7.1g/t Au from 13m. Exterra Resources Limited (“Exterra” or “the Company”) (ASX:EXC) is pleased to a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Davis (Internal) | |
| ABSTRACT: | Exterra Resources Limited (“Exterra” or “the Company”) (ASX:EXC) is pleased to announce results from its late 2016 drilling programme at Linden Star located approximately 500m to the south west of the Second Fortune mine (Figures 1 and 2). Historic costeaning, shallow drilling and sampling of old workings and mullock dumps at Linden Star had demonstrated that gold bearing quartz structures are present along a strike length of over approximately 500m (Figure 2). The vein system is adjacent to one of the major bounding structures of the Laverton Tectonic Zone in an area of magnetite destruction interpreted to represent hydrothermal alteration. Also included are results from a limited stope definition drilling programme completed in October 2016. Exterra’s Executive Chairman, John Davis said: “The programme at Linden Star and Second Fortune Extended has confirmed the potential to outline near surface high grade gold resources to add further ounces to the Second Fortune mine development, which is progressing on track for first gold production in early 2017. The three holes drilled into the northern part of Linden Star (Figure 2) targeted a potential down dip extensions of a vein identified in 6 holes drilled by Exterra in 2010 and 2011. The new holes have confirmed the presence of a north-north-west striking, steeply dipping gold-mineralised vein within a broader anomalous halo. | |
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