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Genesis Minerals Ltd.
Summary
| Project: | Barimaia | |
|---|---|---|
| Deposit: | McNabs, Mcnabs East | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-3-2018: Genesis Minerals Ltd. announces an Exploration/Drilling Update report for its McNabs, Mcnabs East deposit at the Barimaia project. Drilling results incl. 37m @ 0.57g/t Au from 25m. Genesis Minerals Limited (ASX: GMD) is pleased to advise that it | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Fowler (Internal) | |
| ABSTRACT: | Genesis Minerals Limited (ASX: GMD) is pleased to advise that it has received assay results from the recently completed 2,000 metre wide-spaced Reverse Circulation (RC) drilling program at its highly prospective Barimaia Gold Project in the Murchison District of Western Australia. Drilling has confirmed the presence of the three large, open-ended bedrock gold targets identified by previous RC and Aircore drilling over a 1.0km by 1.5km zone centred on the McNabs and McNabs East prospects (see Figures 1 and 2). Results from the most recent round of wide-spaced RC drilling, completed in December, have confirmed that a significant gold mineralised system is present at Barimaia. With the gold mineralisation and the targeted porphyry host rock remaining open in all directions (see Figure 2), further drilling is now planned to extend the gold mineralised system to the north, south and east. A first-pass, wide-spaced RC drill program was undertaken at the McNabs East Prospect to test the large bedrock gold targets that are associated with extensive zones of oxide gold mineralisation and anomalism under shallow alluvial cover. 17BARC020 intersected 5m @ 4.0g/t Au from 43m including 2m @ 8.9g/t Au and 5m @ 1.28g/t Au from 59m within porphyry host rock (see Figure 2). | |
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