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Genesis Minerals Ltd.
Summary
| Project: | Viking | |
|---|---|---|
| Deposit: | Viking | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-5-2017: Genesis Minerals Ltd. announces an Exploration/Drilling Update report for its Viking deposit at the Viking project. Drilling results incl. 5m @ 1.93g/t Au from 55m. Genesis Minerals Limited (ASX: GMD) is pleased to advise that it has received h | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Fowler (Internal) | |
| ABSTRACT: | Genesis Minerals Limited (ASX: GMD) is pleased to advise that it has received highly encouraging results from recently completed aircore drilling at the 100%-owned Viking Gold Project, located near Norseman in Western Australia (Figure 1), which have further upgraded the prospectivity of the project and defined a 500m long zone which will be targeted for resource drilling in the near future. The results, which are considered significant for shallow aircore drilling of this nature, included an outstanding intercept of 5m at 19.8g/t gold from 17VKAC075 at the Beaker 2 prospect. In addition, re-sampling at 1m intervals of a previously drilled hole along the same section as this result, hole 16VKAC044 has returned an exceptional intercept of 6m @ 64.0g/t gold, including 1m @ 213g/t gold from 52m and 1m @ 105g/t gold from 55m. Genesis Minerals’ Managing Director, Michael Fowler, said the drilling had confirmed that the Beaker 2 prospect would be the focus for the next stage of exploration at the Viking Project. “Achieving results of this calibre from aircore drilling is a very exciting development for the Viking Project,” he said. “The drilling has demonstrated the presence of exceptionally high-grade supergene gold distributed across a priority zone, which has now been defined over a 500m strike length and width of 100m within the Beaker 2 anomaly. Our drilling has had very limited penetration below the oxide zone, and deeper drilling remains an exciting next step for us to evaluate the potential for a primary source. “We are very encouraged by the results to date, and we believe there is good potential to define a near surface oxide gold resource,” Mr Fowler added. | |
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