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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 1-3-2017: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 158m @ 1.6g/t Au from 56m. MacPhersons Resources Limited (ASX: MRP) is pleased to announce a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | MacPhersons Resources Limited (ASX: MRP) is pleased to announce an initial set of three (3) Reverse Circulation (RC) drill results from a total 5 RC holes drilled at the Boorara project to support the outstanding result previously reported at BODH 025 of 163 metres (m) grading 1.94 grams per tonne (g/t) with a top-cut to 24 g/t. These new results confirm an extension of the Boorara Southern Stockwork deposit at a vertical depth below 185 metres from the surface and 40 metres on north along strike from BODH 025 (see ASX release of BODH 025 dated 14 February 2017). The RC drilling strategy for this program was test the geology model and scope out the extent of mineralisation associated with diamond hole BODH 025. The RC drilling rig has completed five holes and Company has contracted a diamond drill rig to extend diamond tails below holes BORC 174 & 175. We will continue diamond drilling on the same azimuth 115° and dip -60°. The current drill program again demonstrated that Boorara gold mineralisation is hosted by quartz-dolerite in moderately NW-dipping quartz-carbonate-sulphide veinlet arrays with iron-carbonate alteration halos controlled by bounding shear zones and late cross faults similar to the 6 million ounce Mount Charlotte gold deposit (part of the nearby Kalgoorlie Golden Mile). Western Mining Corporation Ltd recognised the importance of drilling perpendicular to the NW dipping quartz veins at Mt Charlotte to better estimate gold grade, this same strategy has been adopted by MacPhersons at Boorara. | |
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