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Image Resources NL
Summary
| Project: | Erayinia | |
|---|---|---|
| Deposit: | Erayinia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-9-2018: Image Resources NL announces an Exploration/Drilling Update report for its Erayinia deposit at the Erayinia project. Drilling results incl. 20.0m @ 0.7g/t Au from 40.0m. Image Resources is pleased to announce encouraging results from its first- | |
| Resources: | x | |
| CP/QP: | [Overall Report]: George Sakalidis (Internal) | |
| ABSTRACT: | Image Resources is pleased to announce encouraging results from its first-pass drilling of 6 reverse circulation (RC) drill holes totalling 650 metres at Image’s 100%-owned Erayinia prospect (E28/1845 and E28/2742 totalling 106.7 sq. km), located 130km ESE of Kalgoorlie and numerous other operating gold mines (Fig.1) The drill programme has been successful in identifying strike continuity of the King mineralisation (historically drilled by WMC in 1998- 99 and Integra 2003-07*), which starts 350 metres to the south. Image Resources’ drilling (Figs.2, 3 and 4) show a number of gold mineralised zones within the first 3 southern RC holes (EYRC001, 2 and 3). The best intersection is 20m at 0.7g/t Au from 40m (Table 1 and Table 2) within a sheared, bleached and silicified mafic unit. The mineralisation is interpreted to occur as west dipping stacked pyrite, quartz, and carbonate lodes within a package of Archaean mafic and sedimentary rocks. A seven km strike length to the north of the King mineralisation remains virtually untested with only 3 deep RC holes (EYRC004, 5 and 6) completed 400m to the north by Image Resources, which intersected siliceous metasediments. Hole EYRC05 intersected a 16m zone of semi-massive sulphides from 47m in a brecciated cherty quartzite, however preliminary analyses are low and are being checked by a more rigorous fire assay method. This area shows a complex sigmoidal-shaped magnetic feature, interpreted to be a dolerite. | |
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