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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 24-10-2017: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 4m @ 91.4g/t Au from 56m. MacPhersons Resources Limited (“the Company”) (ASX : MRP) is ple | |
| 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 an excellent set of initial RC results that have just been completed as 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. MacPhersons has now drilled some 8300 metres. The Boorara Project contains over 1.5 kilometres of mineralisation striking north-west at 330 degrees. The project is divided into Southern Stockwork (SSW), Crown Jewel (CJ) and Northern Stockwork (NSW) deposits. The company has since confirmed an extension of the Boorara Southern Stock Work deposit at a vertical depth below 200 metres from the surface and some 500 metres along strike. Located about one kilometre to the North West of BODH 025 (163m @ 4.29 g/t uncut) and BORC 173 (158m @ 1.6 g/t) is the historic Cataract Gold Mine (30,000 oz; 1897-1907) that is hosted within the Boorara dolerite. The deposit has two major stope geometries, one striking 040° dipping to the North West and the other striking 330°and dipping near vertical. The significance of these stope geometries is that structural controls on historically mined high-grade gold veins is the same as the NW dipping quartz vein arrays encountered in the current drilling program. A recent reinterpretation of the geometry of mineralisation at Boorara is due to structural mapping and interpretation of the Boorara Gold Project. The new Boorara structural geological model has allowed MacPhersons to make a better estimate of the true gold grade and size of the existing Boorara resource based on an interpretation of mineralised NW-dipping quartz vein arrays. | |
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