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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 29-8-2017: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 1m @ 51.9g/t Au from 173m. 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 another excellent set of three (3) Diamond Drill (DH) results that have just been completed as part of the ongoing drilling program at the 100% owned Boorara Gold Project 10 kilometres east of Kalgoorlie, Western Australia. The total number of holes drilled at Boorara is now 41 for 11,556 metres (26 diamond holes (BODH) for 7,226 metres, 15 reverse circulation (RC) holes for 4,330 metres of which seven (7) had diamond tails. We believe we have discovered a significant gold system and a number of drill hole intercepts suggest there is at least two styles of gold mineralisation. 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. Your 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. 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. From the structural mapping and the quartz veins exposed within the trial pit completed in October 2016, the drill orientation must be 115 degrees. | |
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