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Independence Group NL
Summary
| Project: | Jaguar | |
|---|---|---|
| Deposit: | Jaguar | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Silver-Gold | |
| Date: | 2/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-2-2017: Independence Group NL announces an Exploration/Drilling Update report for its Jaguar deposit at the Jaguar project. Drilling results incl. 59.2m @ 9.5% Zn, 0.6% Cu, 0.4% Pb, 140g/t Ag, 0.4g/t Au from 267.3m. Independence Group NL (IGO or the Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William Stewart (Internal) | |
| ABSTRACT: | Independence Group NL (IGO or the Company) (ASX:IGO) is pleased to provide an exploration update regarding a number of work programs designed to unlock the potential of the tenure, centred around the Jaguar Operation, over a 50km-long prospective corridor. These programs include resource definition drilling at Triumph, testing for depth extensions at Bentley and regional exploration programs testing a number of base metal and gold prospects. IGO’s Managing Director, Peter Bradford, commented: “The results from the resource definition drilling program on the upper lens of the Triumph Deposit (the Stag Lens) are encouraging with strong zinc mineralisation encountered. The drilling has confirmed grade continuity with work commencing on delivery of a pre-feasibility study to capture the Stag Lens within the Jaguar Life of Mine plans. Resource definition drilling to-date has only focused on the Stag Lens with mineralisation remaining open down plunge on additional lenses that form part of the Triumph deposit” “I am also encouraged by the demonstrated prospectivity on the extensive tenement package. The team has been taking a more holistic view and, as a result, have developed a number of VMS Zn-Cu-Ag prospects as well as some exciting gold targets. Historically there has been limited gold exploration on the mineralised belt, despite it being located less than 10km south of the Thunderbox gold mine within the same structural corridor.” | |
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