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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 22-9-2016: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 56m @ 1.89g/t Au from 30m. MacPhersons Resources Limited (ASX: MRP) is pleased to announce | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | MacPhersons Resources Limited (ASX: MRP) is pleased to announce that drilling of three reverse Circulation (RC) holes for 177m within the Southern Stockworks – Crown Jewel Deposit at Boorara for metallurgical testwork samples adjacent to the trial open pit reported the best intercept (BORC 118) returned at Boorara of 66 metres grading 1.89 grams per tonne (g/t) gold. The intersection was still in ore grade mineralisation at the end of hole with the last metre grading 1.1 g/t Au. The final 23 metres grading 1.66 g/t Au contained primary hard sulphide gold ores. BORC118 was orientated to drill down plunge of the main ore shoot to maximise the sample available for metallurgical testwork while the other holes were drilled more perpendicular to the Crown Jewel lodes due to limited accessibility and the shallower dip of the mineralisation. Metallurgical carbon in pulp (CIP) testwork undertaken on samples from within the BORC 118 interval resulted in gold recovery of 96%. Overall, metallurgical testwork undertaken to date on the Boorara Gold Project ranges from 93% to 97% for oxide, transitional and fresh ore types. Based on the 4 x 4 metre close spaced RC drilling to a depth of 20 metres, MRP estimate output of 1,700- 1,800 ounces of gold from the trial pit. The pit is mined on 2.5 metre flitches and will be completed by the end of September. MRP anticipate starting haulage of approximately 30,000 tonnes of gold ore to the FMR Greenfields processing plant in Coolgardie on 26 September 2016. | |
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