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Genesis Minerals Ltd.
Summary
| Project: | Ulysses | |
|---|---|---|
| Deposit: | Orient Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 22-5-2019: Genesis Minerals Ltd. announces an Exploration/Drilling Update report for its Orient Well deposit at the Ulysses project. Drilling results incl. 37.0m @ 2.27g/t Au from 83.0m. Genesis Minerals Limited (ASX: GMD) is pleased to report new drillin | |
| Resources: | (Resource, Total): 7.1Mt @ 3.3g/t Au for 760koz contained at Ulysses | |
| CP/QP: | [Overall Report]: Michael Fowler (Internal) | |
| ABSTRACT: | Genesis Minerals Limited (ASX: GMD) is pleased to report new drilling results from its 100%-owned Ulysses Gold Project, located 30km south of Leonora in WA (Figure 5), where it is progressing its exploration program targeting extensions of the main 760,000oz Mineral Resource in parallel with an expanding regional exploration campaign. Recent Reverse Circulation (RC) drilling has intersected further significant mineralisation at Orient Well NW (see Figure 1), located 10km east of the 760,000oz Ulysses Mineral Resource, highlighting the potential to delineate shallow Resources in this area which are potentially amenable to extraction via open pit methods. Genesis Managing Director Michael Fowler said the Orient Well NW prospect was continuing to deliver highly encouraging results, confirming the potential to define shallow Resources outside of the main Ulysses Deposit. “Our recent drilling success at Orient Well shows just how prospective our broader tenement package is. We have only completed relatively limited regional drill programs outside of the Ulysses Deposit and we have already generated sufficient data to underpin a potential open pit Resource at this emerging prospect. | |
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