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KalNorth Gold Mines Ltd.
Summary
| Project: | Kurnalpi | |
|---|---|---|
| Deposit: | Schiedam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-8-2019: KalNorth Gold Mines Ltd. announces an Exploration/Drilling Update report for its Schiedam deposit at the Kurnalpi project. Drilling results incl. 4m @ 0.85g/t Au from 37m. A 15 RC holes program for a total of 1,770 metres was carried out to foll | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | A 15 RC holes program for a total of 1,770 metres was carried out to follow up the Schiedam prospect which was identified by previous exploration work as a new gold trend as it is proximal to the Avoca Fault. It has a complex structural framework and zone of magnetic destruction - coincident gravity low with the latter two features suggesting a zone of significant alteration of the basement lithologies. The June 2019 Quarter RC drilling at Schiedam was also following up on an air core program completed at that prospect in late 2015 (refer to KGM ASX announcement dated 29 January 2016, released 1 February 2016). The RC drilling at Schiedam intersected a sequence of variably altered ultramafic units beneath some 30-50m of transported cover that included fine sands in places at the base of the palaeochannel. The ultramafic rocks consist of komatiite and high-Mg basalt that transition to quartz carbonate-fuchsite altered rock with minor quartz veining. Drilling was completed over a 600m strike length with east-west lines spaced approximately 100m apart and holes at 80m centres (Figure 1). The contact between the basalt and strong sheared/altered ultramafic rock units with thin quartz vein was intercepted and recognised as a favourable structure for gold mineralization. The original program was designed for a total of 21 RC holes (approximately 2,500 metres), however the Company did not drill the most southerly 6 holes following assessment of log data from the first 15 holes. | |
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