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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 19-1-2018: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 5m @ 71.37g/t Au from 75m. MacPhersons Resources Limited (“the Company”) (ASX: MRP) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | MacPhersons Resources Limited (“the Company”) (ASX: MRP) is pleased to announce more excellent RC results to follow up on our recent announcement of 8 December 2017. The drilling is part of the 37,000 metre RC program at the 100% owned Boorara Gold Project 10 kilometres east of Kalgoorlie, Western Australia. Two RC drilling rigs commenced drilling at the Southern Stockwork on Monday the 2nd of October 2017. MacPhersons has now drilled some 31,000 RC metres and has decided to cease all drilling on 18 January 2018 so the RC drilling results can be sent Cube Consulting, an independent geological group to complete a Gold Resource Estimate. We anticipate all assay results will be available in early February for Cube Consulting. The Boorara gold resource estimate is expected in early March 2018, following that we will complete a series of preliminary open pit optimisations. Combined with the Gold Resource Estimate the Company has commenced studies that will contribute to the Definitive Feasibility Studies for the Boorara Project. We planned the first deep hole as part of a co-funded agreement with the WA State Government for a single 1,000- metre deep diamond drill hole at the Boorara Gold Project via the Exploration Incentive Scheme. Under the arrangement, the State Government will fund up to A$200,000 of drilling costs. | |
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