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Genesis Minerals Ltd.
Summary
| Project: | Ulysses | |
|---|---|---|
| Deposit: | Ulysses | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-11-2019: Genesis Minerals Ltd. announces an Exploration/Drilling Update report for its Ulysses deposit at the Ulysses project. Drilling results incl. 12m @ 6.39g/t Au from 210m. Genesis Minerals Limited (ASX: GMD) is pleased to report further outstandi | |
| 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 further outstanding high-grade assay results from the ongoing program of in-fill and extensional resource upgrade drilling at its 100%- owned 760,000oz1 Ulysses Gold Project, located 30km south of Leonora in WA. Further assay results from the ongoing drilling program have been received from drilling along the entire strike length of the Resource, targeting between the 350mRL to 200mRL, up to ~200m below surface. Drilling is targeting areas both within and adjacent to the current Resource boundary and continues to intersect significant high-grade gold mineralisation. The latest batch of assays further support and reinforce the initial high-grade results reported over the last two months (see GMD ASX Announcements: 9/09/2019 and 22/10/2019). Over 20,000m of drilling will be completed in the coming weeks to upgrade the top 200m of the Resource in preparation for mining. Drilling is targeting approximately 1km of strike and some 300m of down-dip extent within and adjacent to the current Resource envelope. At Ulysses West, drilling will target ~600m of down-plunge extent. | |
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