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Great Western Exploration Ltd.
Summary
| Project: | Ives Find | |
|---|---|---|
| Deposit: | Ives Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-3-2017: Great Western Exploration Ltd. announces an Exploration/Drilling Update report for its Ives Find deposit at the Ives Find project. Drilling results incl. 6m @ 5.2g/t Au from 36m. Great Western Exploration Limited (“the Company”) is pleased to r | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jordan Luckett (Internal) | |
| ABSTRACT: | Great Western Exploration Limited (“the Company”) is pleased to report that the final assay results have been received from its maiden drill programme at the recently acquired 100% owned Ives Find Project located in the world class Yandal gold belt in Western Australia. A drilling programme of only 14 holes for 907m was completed as a first pass orientation programme to assess the validity of both the results of early stage previous work and the Company’s conceptual ideas about the nature of the project’s geological setting and mineralisation. The programme was highly successful, intersecting high grade gold and demonstrating the project’s potential to become a significant gold discovery. The planning for the next drill programme is underway with drilling anticipated to commence in late April, with a focus on the strike extension of the gold mineralisation along the Ives fault. The Company’s strategy is to identify the gold bearing faults and follow them to where they intersect the granite (or other trap sites) starting with the known areas of high grade mineralisation and following these areas along strike and down dip. The secondary objective is the identification of sufficient high grade resources that could be trucked to nearby mills at Bronzewing (55 km SE) or Wiluna (60 km NW), generating early cash flow with low start-up capital cost. | |
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