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Forte Consolidated Ltd.
Summary
| Project: | Johnnycake | |
|---|---|---|
| Deposit: | Szarbs, Sledgehammer | |
| Location: | Australia | |
| Commodities: | Silver-Arsenic-Molybdenum | |
| Date: | 10/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-10-2017: Forte Consolidated Ltd. announces an Exploration/Drilling Update report for its Szarbs, Sledgehammer deposit at the Johnnycake project. Drilling results incl. 4m @ 1.3ppm Ag, 33ppm Mo, 8ppm As from 100m. Forte Consolidated Limited (ASX: FRC) ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bryce Healy (SRK Consulting (Australasia) Pty Ltd.) | |
| ABSTRACT: | Forte Consolidated Limited (ASX: FRC) (“Forte” or the “Company”) is pleased to report the successful completion of a stratigraphic RC and diamond core drilling program at the Szarbs and Sledgehammer prospects, which form part of the Johnnycake Project (EPM 18986) in north-east Queensland. Four holes were completed for a total of 1,559m, including 718m of diamond core. The extent and intensity of alteration observed in the holes confirms the presence of a significant fossil hydrothermal system, whilst the delineation of a wide (15-20m) zone of sulphide mineralisation within a shear zone in JZRD003, albeit with weak anomalism, is the first evidence of a potential feeder system and confirms previous interpretations that there are strong structural controls on alteration and mineralisation observed at surface. The drilling results further highlight that the geology, and structural architecture of the prospective structures (and potentially reactive host-rocks), is complex with a number of potential structures that could accommodate and focus hydrothermal fluids pathways. The geological understanding of the volcanic sequence, basement lithology and potential first order structural controls need to be further evaluated to determine the more prospective zones within the volcanic sequences. Forte will carry out ongoing assessment of the exploration results and further analysis of the stratigraphy and alteration. | |
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