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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 27-4-2017: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 72m @ 0.96g/t Au from 215m. 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 the results of four (4) diamond drill holes drilled at the Boorara Project to support the outstanding result previously reported at BODH 025 of 163 metres (m) grading 1.94 grams per tonne (g/t) with a top-cut to 24 g/t. These new results confirm an extension of the Boorara Southern Stockwork deposit at a vertical depth below 250 metres from the surface and 170 metres north and 160 metres south along strike from BODH 025 – total strike length 330 metres (see ASX release of BODH 025 dated 14 February 2017). The Boorara trial pit completed in October 2016 to a depth of 20 metres is a further 30 metres north of the most northern drill hole drilled to date BODH 031. Mining exposed a 20 metre wide zone in the pit floor which was 100 metres in length with mineralisation exposed in the north and south ends of the pit. The ongoing drilling strategy is test the geology model and scope out the extent of mineralisation associated with diamond hole BODH 025 with wide 40 metre spaced holes. All significant gold intersections reported to date are associated with long drill intervals of consistent weak to strong pervasive hematite alteration, iron carbonate alteration, NW dipping quartz vein with >1% pyrite and >1% arsenopyrite mineralisation. Gold mineralisation is hosted in a series of stacked quartz vein arrays that dip at 35° to the north west. The true thickness of the arrays is up to 50 metres vertical and which are hosted within the quartz dolerite which dips at 73° to the north east and has a true width of up to 25 metres. | |
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