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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 18-1-2017: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 42m @ 0.86g/t Au from 53m. MacPhersons Resources Ltd (ASX:MRP) is pleased to report assay r | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | MacPhersons Resources Ltd (ASX:MRP) is pleased to report assay results from reverse circulation (RC) and aircore drilling (AC) recently completed at the Boorara Gold Project, 15km east of Kalgoorlie. The objective of the RC drilling was to confirm newly identified western contact mineralisation intersected in previously drilled BORC 144 in October 2016 (ASX announcement 31st October 2016). A 5488 metre aircore drilling program was undertaken to test significant gold geochemistry anomalies >200 ppb gold west and north of the Northern Stockwork gold deposit. MacPhersons Resources is encouraged by these drilling results with further drilling planned as part of the company strategy of discovering additional ounces with a view to establishing a mining reserve base that can be part of a potentially profitable future gold mining operation. Two RC drill holes (BORC 163-164) were drilled for 204 metres into the newly identified western contact confirming this trend as being gold mineralised with now three reverse circulation holes and three aircore holes intercepting significant gold mineralisation. The western contact is a lithological contact of the Boorara dolerite and sediments that has a potential strike length of 750 metres. Initial observations of mineralised drill intervals indicate that gold mineralisation is shear zone hosted with associated quartz veining, the true width of mineralisation is unclear at this stage. | |
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