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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 29-8-2018: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 5m @ 9.57g/t Au from 114m. Jeff Williams, MacPhersons’ Managing Director commented: "Prior | |
| Resources: | (Resource, Total): 16.45Mt @ 0.96g/t Au for 507Koz contained at project | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | Jeff Williams, MacPhersons’ Managing Director commented: "Prior to the recent 17,000 metres of RC drilling, the JORC 2012 compliant resource estimate at Boorara consisted of 16.45 million tonnes grading about 1 g/t (mostly Measured and Indicated) for 507,000 ounces at a cut-off gold grade of 0.5 g/t. In addition, MacPhersons gold recoveries from a coarse grind of 80% of product passing 180 microns averaged 88-92% gold for the deposit (See June 2018 Quarterly). The goal of the independent updated geological block model is to raise the gold grade above 1 g/t as well as increasing confidence in the resource. MacPhersons Resources Limited (“the Company”) (ASX: MRP) is pleased to announce more excellent RC results to follow up on our recent announcement of 7 August 2018. This drilling is part of the current 20,000 metre RC program at the 100% owned Boorara Gold Project 10 kilometres east of Kalgoorlie, Western Australia. One RC drill rig commenced drilling north of the Southern Stockwork deposit on Friday the 13th of April 2018; we are reporting the final results of another 15 holes (2,163 metres of RC drilling) to 29 August 2018. RC Drilling Program Summary These latest gold results relate to 15 RC drill holes (BORC 474-488) for a total of 2,163 metres at the Northern Stockwork (NSW) deposit (see Table 1, Figure 1) the last of the RC holes to be reported from this program. The RC drilling is part of a resource development program that is planned to potentially expand the existing Boorara gold resource that targets the mineralisation above a vertical depth of 250 metres. RC hole BORC 475 intersected 5m at 9.57 g/t Au with visible gold at 117 -118m interval 1m at 43.00 g/t Au (see figure 3). | |
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