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Genesis Minerals Ltd.
Summary
| Project: | Ulysses | |
|---|---|---|
| Deposit: | Ulysses | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 22-10-2019: Genesis Minerals Ltd. announces an Exploration/Drilling Update report for its Ulysses deposit at the Ulysses project. Drilling results incl. 6.00m @ 10.23g/t Au from 154.0m. Genesis Minerals Limited (ASX: GMD) is pleased to advise that it cont | |
| 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 advise that it continues to deliver outstanding results from the ongoing program of in-fill and extensional resource upgrade drilling at its 100%-owned Ulysses Gold Project, located 30km south of Leonora in WA, with latest drilling intersecting significant high-grade gold mineralisation from within the current 760,000oz Ulysses Mineral Resource1 . 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. The latest batch of assays further support and reinforce the initial high-grade results reported on 9 September 2019 (see GMD ASX Announcement: 9/09/2019). Over 20,000m of drilling will be completed by mid-November to upgrade the top 200m of the Resource in preparation for mining. Drilling will target approximately 1,000m of strike and some 300m of downdip extent within and adjacent to the current Resource envelope. At Ulysses West, drilling will target ~600m of down-plunge extent. | |
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