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Greenvale Energy Ltd.
Summary
| Project: | Gold Basin | |
|---|---|---|
| Deposit: | Gold Basin | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-6-2019: Greenvale Energy Ltd. announces an Exploration/Drilling Update report for its Gold Basin deposit at the Gold Basin project. Drilling results incl. 12.2m @ 1.47g/t Au from 12.2m. Greenvale Energy Limited (ASX: GRV or the Company) is pleased to p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Charles Straw (Centric Minerals Management Pty Ltd.) | |
| ABSTRACT: | Greenvale Energy Limited (ASX: GRV or the Company) is pleased to provide the following update on the recently completed drilling program on the Gold Basin oxide gold project in Mohave County Arizona, USA. The Company announced on the 18th February 2019 the completion of its 50.01% investment in a private company called Greenvale Gold Basin Pty Ltd. Greenvale Gold Basin Pty Ltd has a right to earn-in 50.01% in a new company who is to own 100% of the Gold Basin Project, if a JORC Resource is issued. Full particulars of the acquisition, including terms and structure is set out in the announcement dated 18 February 2019. Upon completion of the acquisition, a drilling program consisting of 8,000 feet (approx. 2,500m) of reverse circulation (RC) drilling was undertaken and this was completed on 8 April 2019. All samples (totalling 1,772) were submitted to ALS Global in Reno for assay with all results now in hand. Geological logs are currently being completed and will be incorporated into the JORC Resource Estimate expected at the end of June. Historical drilling results will also be incorporated into the resource estimate. The results to date from the drilling are encouraging and have supported the model and targeting strategy which was based on the intersection of large NW trending structures with the sub-horizontal detachment fault planes | |
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