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Laneway Resources Ltd.

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Summary

Project:

Agate Creek

Deposit:Agate Creek
Location:Australia
Commodities:Gold
Date:11/26/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:26-11-2019: Laneway Resources Ltd. announces an Exploration/Drilling Update report for its Agate Creek deposit at the Agate Creek project. Drilling results incl. 5m @ 22.35g/t Au from 64m. A RC drilling program of 46 holes for 2,244m has been recently com
Resources:
CP/QP:[Overall Report]: Scott Hall (Internal)
ABSTRACT:A RC drilling program of 46 holes for 2,244m has been recently completed. The program was comprised of 17 holes (1,002m) at Sherwood, 5 holes (609m) at Sherwood West and holes (633m) on regional targets targeting both potential additional high grade material near the existing open cut pit as well as several regional targets. Assay results have been received for the Sherwood drill holes however Sherwood West and the regional target drill hole assay results are still outstanding due to processing delays at the laboratory in Townsville. At Sherwood 17 holes were drilled for 1,002m with results confirming the extension of the high grade zone at depth and highlighting the potential for further mining in the short term. Several high grade intersections indicate that the high grade zone extends several metres outside the existing pit mined earlier in 2019. A summary of the assay results is shown below.

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