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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 3-7-2017: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 10m @ 6.2g/t Au from 344m. MacPhersons Resources Ltd (MRP) is pleased to announce the result | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | MacPhersons Resources Ltd (MRP) is pleased to announce the results of initial test work on samples of Boorara ore achieved gold recoveries of 89 to 96%. Initial crushing/grinding test work determined Boorara ore could potentially result in lower crushing costs due to the low wear rates of crushing consumables. MacPhersons Resources Limited (“the Company”) (ASX: MRP) is pleased to advise a further five Diamond Holes (DH) and six Reverse Circulation (RC) holes have been completed as part of the ongoing drilling program at the Boorara Gold Project 10 kilometres east of Kalgoorlie, Western Australia. 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. Included (Incl.) in this release is an update on initial Carbon in Leach (CIL) metallurgical test work, comminution test work and geotechnical work that has been undertaken on Boorara in 2016 and 2017. Recently completed RC drill hole BORCD 179 with a HQ diamond tail has intersected significant high grade gold mineralisation in diamond core from 344 metres downhole: 10 m @ 6.2 g/t with visible gold. This intersection highlights the potential of the historic Crown Jewel gold mine to be a significant new high grade gold discovery at Boorara. Strike and depth extensions of this high grade gold intersection is the current focus of drilling at Crown Jewel. | |
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