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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 14-2-2017: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 163m @ 4.29g/t Au from 28m (uncut). MacPhersons Resources Limited (TSX: MRP) ("MacPhersons" | |
| Resources: | (Resource, Total): 232000oz Au contained at Boorara | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | MacPhersons Resources Limited (TSX: MRP) ("MacPhersons" or the "Company") is pleased to announce the first deep diamond drill results from the drill program at the Boorara southern stockwork deposit have confirmed gold mineralisation is open at depth and there is increase in grade. The 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 and the resulting increase in gold grade, this same strategy has been adopted by MacPhersons at Boorara. The new Boorara structural geological model is an important step for MacPhersons to increase the grade and size of the existing Boorara resource based on interpretation of mineralised NW dipping quartz vein arrays identified in Boorara Trial Pit and BODH 025. To add credence, the Southern stockwork gold zone extends some 600 metres in strike length from this diamond hole. MacPhersons reported in 22 September 2016, a reverse circulation drill hole BORC 118 to a vertical depth of 90 metres also within the Southern deposit at Boorara and close to BODH 025 reported from surface the best intercept discovered at that time of 66 metres grading 1.89 g/t. The intersection was still in ore with the final metre of 1.1 g/t and the 66 metres zone also commenced 30 metres downhole. The final 23 metres grading 1.66 g/t contained primary hard sulphide gold ores. | |
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