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Laneway Resources Ltd.
Summary
| Project: | Agate Creek | |
|---|---|---|
| Deposit: | Sherwood | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-7-2020: Laneway Resources Ltd. announces an Exploration/Drilling Update report for its Sherwood deposit at the Agate Creek project. Drilling results incl. 5m @ 6.16g/t Au from 63m. The Board of Laneway Resources Limited (“Laneway” or “the Company”) (AS | |
| Resources: | . | |
| CP/QP: | [Overall Report] Scott Hall (Internal) | |
| ABSTRACT: | The Board of Laneway Resources Limited (“Laneway” or “the Company”) (ASX:LNY) is pleased to advise of the initial results from the current drilling program and the ongoing progress towards recommencement of mining operations at the high grade Sherwood deposit within the 100% owned Agate Creek Gold Project in North Queensland. RC Drilling Program The initial cut back of the open cut pit has been completed which has allowed for additional RC drilling to be undertaken to confirm a separate deeper zone of mineralisation identified in the drilling program undertaken late last year. The aim of the current drilling program is to delineate additional ore tonnes for the next phase of mining without significantly increasing the stripping ratio of waste material required to be mined. The current RC drilling program is expected to consist of ≈39 shallow drill holes for a total of 2,000m. 5 drill holes of the current drilling program were able to be completed whilst waste mining was being undertaken as they were located outside the active area. The location of the planned drilling and the holes completed are shown on the image below. The location co-ordinates and significant assay results (>2g/t gold) from these holes are contained in the tables below. | |
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