For thousands of other reports visit RSC's Mineral Intellingence Map
Goldstone Resources Ltd.
Summary
| Project: | Akrokerri | |
|---|---|---|
| Deposit: | AK02 | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 11/11/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-11-2016: Goldstone Resources Ltd. announces an Exploration/Drilling Update report for its AK02 deposit at the Akrokerri project. Drilling results incl. 14m @ 1.18g/t Au from 16m. GoldStone Resources Limited (AIM: GRL), the West and Central Africa focus | |
| Resources: | (Resource): 602'000oz Au contained @ average grade of 1.77g/t Au | |
| CP/QP: | [Overall Report]: Bob Foster (Internal) | |
| ABSTRACT: | GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to provide an update on the recent drilling programme comprising 3,000 metres of auger and some 1,500 metres of Reverse Circulation (“RC”) drilling of the AK02 prospect, located immediately south west and along strike of the Homase/Akrokerri deposit and within the Akrokerri licence. The programme of auger drilling and RC drilling announced on 13 September 2016 has now been completed with 120 auger holes, for a total of 3,000 metres, and 13 RC holes totalling 1,424 metres, and all gold assays received. The original work programme (announced on 13 September 2016) proposed up to 2,500 metres of RC drilling but the initial drilling results proved adequate to confirm the anticipated zone of mineralization. The work was focused on the AK02 prospect, located immediately south-west and along strike of the Homase/Akrokerri deposit and within the Akrokerri licence with the intention of utilising the auger drilling to evaluate specific areas not covered by the 2015 exploration programme and also to undertake RC drilling to investigate gold anomalies identified during the 2015 campaign (Figures 1 and 2). The results of the 2015 auger programme confirmed the presence and continuity of a zone of gold enrichment in saprolite (in situ weathered bedrock), defined as exceeding a threshold of 44 ppb Au (up to 94 ppb Au), over a distance of approximately 1,500 metres. The follow-up RC programme targeted the 750 metre-long northern part of this zone. Interpretation of geophysical (magnetic) data indicates that the northern sector is probably an extension of the main Homase-Akrokerri mineralized shear zone but offset approximately 200 metres to the east by faulting. | |
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