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Genesis Minerals Ltd.
Summary
| Project: | Ulysses | |
|---|---|---|
| Deposit: | Ulysses | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 2-8-2018: Genesis Minerals Ltd. announces an Exploration/Drilling Update report for its Ulysses deposit at the Ulysses project. Drilling results incl. 4.32m @ 15.63g/t Au from 186.06m. Genesis Minerals Limited (ASX: GMD) is pleased to advise that it has i | |
| Resources: | (Resource, Total): 3.3Mt @ 3.0g/t Au for 321koz contained at Ulysses | |
| CP/QP: | [Overall Report]: Michael Fowler (Internal) | |
| ABSTRACT: | Genesis Minerals Limited (ASX: GMD) is pleased to advise that it has intersected significant shallow oxide mineralisation at the Orient Well NW prospect (see Figures 1 and 2), located 10km east of the Ulysses Mineral Resource at its 100%-owned Ulysses Gold Project, 30km south of Leonora in WA. The drilling at Orient Well NW forms part of the Company’s broader regional exploration program at Ulysses outside of the existing Resource, which is currently the main focus of drilling. Drilling at Orient Well NW has returned strong results from two Reverse Circulation holes (25m @ 1.36g/t Au including 10m @ 2.51g/t Au and 20m @ 1.22g/t Au) designed to follow up significant mineralisation intersected previously at the prospect. The drilling has highlighted 4km of highly prospective strike which will be drill tested for potential open pittable Mineral Resources in the near future. Meanwhile, further high-grade results have been returned from the ongoing extensional and in-fill drill program at Ulysses. The latest results continue to highlight the potential for significant extensions to the current Mineral Resource as drilling continues to scope out the broader mineralised system below the historical open pits. | |
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