For thousands of other reports visit RSC's Mineral Intellingence Map
Genesis Minerals Ltd.
Summary
| Project: | Ulysses | |
|---|---|---|
| Deposit: | Ulysses | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-1-2017: Genesis Minerals Ltd. announces an Exploration/Drilling Update report for its Ulysses deposit at the Ulysses project. Drilling results incl. 15m @ 1.49g/t Au from 55m. Genesis Minerals Limited (ASX: GMD) is pleased to advise that recently compl | |
| Resources: | (Resource, I+I): 2.13Mt @ 2.2g/t Au for 151500oz Au at project | |
| CP/QP: | [Overall Report]: Michael Fowler (Internal) | |
| ABSTRACT: | Genesis Minerals Limited (ASX: GMD) is pleased to advise that recently completed follow-up aircore drilling at its 100%-owned Ulysses Gold Project near Leonora in WA has further confirmed the presence of an extensive, coherent gold anomaly at Ulysses East, immediately to the east of the existing 151,000oz Ulysses Gold Deposit. The drilling was designed to follow-up on the Company’s previous aircore drilling programs which have outlined a large, coherent gold anomaly at Ulysses East extending over a strike length of 1.3km and oriented in an east-west direction. The latest results have increased the drill density of the oxide profile to give ~40% coverage on drilled sections, with the depth of the overburden ranging from 5-20m. The recently completed holes are highlighted with a white outline in Figures 1 and 2 below, with the coloured holes completed earlier in 2016. As outlined in the ASX Announcement on 10 November 2016, the mineralised trend at Ulysses East cuts across the WNW trending stratigraphy. The target zone at Ulysses East is highlighted by the east-west aircore defined gold anomaly (see pink polygon in Figures 1 and 2), WNW trending magnetic dolerite and ENE trending fault zone. Including the existing Ulysses Mineral Resource area, the Ulysses East gold anomaly now extends the total high-priority target zone to over 3km of strike. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report