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Genesis Minerals Ltd.
Summary
| Project: | Barimaia | |
|---|---|---|
| Deposit: | McNabs, Mcnabs East | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-2-2019: Genesis Minerals Ltd. announces an Exploration/Drilling Update report for its McNabs, Mcnabs East deposit at the Barimaia project. Drilling results incl. 74m @ 0.66g/t Au from 59m. Genesis Minerals Limited (ASX: GMD) is pleased to advise that re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Fowler (Internal) | |
| ABSTRACT: | Genesis Minerals Limited (ASX: GMD) is pleased to advise that recent drilling has continued to confirm and define a significant shallow gold mineralisation system with strong open pit potential at the strategically located Barimaia Joint Venture Gold Project in the Murchison District of WA. The Company has received results from a 21-hole/2,140m Reverse Circulation (RC) drilling program completed late last year which has further significantly enhanced the prospectivity of the project. The results have defined significant shallow gold mineralisation over 1km of strike, with the widespaced drilling focused on the previously identified bedrock gold targets at the McNabs and McNabs East prospects (see Figures 1 and 2). Wide zones of mineralisation were intersected including 74m @ 0.66g/t Au in 18BARC028 and 29m @ 0.84g/t Au and 28m @ 0.71g/t Au in BARC031 from McNabs. At the McNabs East Prospect, drilling located up to 1km to the east of the McNabs Prospect intersected 12m @ 1.61g/t Au in18BARC041 and 17m @ 0.94g/t Au in 18BARC046. Although at an early stage of definition and based on wide-spaced drilling, the gold mineralisation at McNabs and McNabs East is considered to occur within the same east-west oriented structural trend. The drill program was based on a revised geological interpretation which highlighted a distinct eastwest trending structural corridor which is noted in the magnetics and supported by mapping of subcropping 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. Strong gold anomalism from shallow air-core drilling completed in 2016 and 2017 at Barimaia also supports the overall east-west orientation. The recent drilling program, which comp | |
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