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Great Western Exploration Ltd.
Summary
| Project: | Ives Find | |
|---|---|---|
| Deposit: | Ives Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-2-2017: Great Western Exploration Ltd. announces an Exploration/Drilling Update report for its Ives Find deposit at the Ives Find project. Drilling results incl. 4m @ 18000ppb Au, 4.6ppm Ag from 60m. Great Western Exploration Limited (“the Company”) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jordan Luckett (Internal) | |
| ABSTRACT: | Great Western Exploration Limited (“the Company”) is pleased to announce that it has received the initial assay results from RC drilling at its Ives Find and Harris Find project. Great Western Exploration Limited (“the Company”) is pleased to announce that it has received the initial assay results from the reverse circulation (“RC”) drilling recently completed at its Ives Find and Harris Find projects. In total 15 holes for 1,067 m were completed; 14 holes at Ives Find and a single drill hole at Harris Find. The drilling has been initially sampled at 4 m to 6 m intervals and assayed using the faster (cheaper) analytical technique which is sufficient for detection of low level gold (“composite sampling”). The purpose of composite sampling is to identify mineralised zones that are to be re-assayed at 1 m intervals using the more accurate (expensive) assay techniques acceptable for use in determining definitive results. Results from composite sampling should only be considered indicative and that the final results from the 1 m intervals can and often do vary greatly, particularly in areas of high grade gold such as Ives Find. The company is pleased to report that there are a number of positive gold results from the composite sampling at Ives Find that confirm a number of mineralised structures that require re-sampling at 1m intervals to determine the width and tenor of these zones. All the drillhole details are listed in Table 1 and the mineralised zones at Ives Find shown in Table 2. | |
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