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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 30-5-2017: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 22m @ 2.22g/t Au from 180m. MacPhersons Resources Limited (“the Company”) (ASX : MRP) is pl | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | MacPhersons Resources Limited (“the Company”) (ASX : MRP) is pleased to advise a further 5 Diamond Holes (DH) and 4 Reverse Circulation (RC) holes have been completed as part of an 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, Crown Jewel and Northern Stockwork deposits. The ongoing drilling strategy is to 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 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 40-45° to the north west. The true thickness of the arrays is up to 50 metres vertical and they are hosted within the quartz dolerite which dips at 73° to the north east. The mineralised dolerite has a true width of up to 40 metres based on a review of all the historic drilling and MRP drilling. Within the mineralised Boorara dolerite high grade localised ore shoots that consist of vein arrays up to 20 metres in width. The increased width of the mineralised dolerite indicates that this is potentially a larger mineralised system. Diamond drilling has continued at Boorara with holes BODH036-039 completed and we await the assays on these holes. | |
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