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Genesis Minerals Ltd.
Summary
| Project: | Barimaia | |
|---|---|---|
| Deposit: | Barimaia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2019: Genesis Minerals Ltd. announces an Exploration/Drilling Update report for its Barimaia deposit at the Barimaia project. Drilling results incl. 2.00m @ 14.27g/t Au from 25m. Genesis Minerals Limited (ASX: GMD) is pleased to advise that recent ai | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Fowler (Internal) | |
| ABSTRACT: | Genesis Minerals Limited (ASX: GMD) is pleased to advise that recent air-core drilling has further expanded the size and potential of the large shallow gold system identified previously at its strategically located Barimaia Joint Venture Gold Project in the Murchison District of WA. The wide-spaced 24-hole/1,260m aircore (AC) drilling program, which was completed on a minimum 100m hole spacings in July, has highlighted extensions to the shallow bedrock gold mineralisation identified previously at the McNabs and McNabs East prospects (see Figures 1 and 2). Significantly, the program returned a best result of 2m @ 14.27g/t gold from 25m in hole 19BAAC105. Although still at an early stage of definition, the bedrock gold mineralisation identified previously at McNabs and McNabs East is considered to occur within the same east-west oriented structural trend which has previously been drill defined over 1.5km of strike. The new drilling has now extended this interpreted mineralised trend a further 0.5km east with the east-west mineralised corridor now identified over 2.0km and open to the east and west (see Figures 1 - 4). The recent drilling program was part of a staged, systematic program targeting extensions to the known mineralisation based on a revised geological interpretation which highlighted a distinct eastwest trending structural corridor. Drilling in late 2018 comprised a series of wide-spaced (drilled on sections 100m to 500m apart) southoriented RC holes at McNabs and McNabs East, which strongly supported the interpreted overall eastwest trend of the bedrock mineralisation. It is also noted in the magnetics and supported by mapping of sub-cropping mafic-ultramafic rocks and gold anomalous rock chips of porphyries in the western arm of the Barimaia Creek system to the west of the McNabs Prospect. | |
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