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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/31/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 31-10-2016: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 23m @ 2.02g/t Au from 114m. The 4,100 metre Reverse Circulation (RC) drilling below 100 me | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | The 4,100 metre Reverse Circulation (RC) drilling below 100 metres at Boorara reported significant intercepts including: BORC 157 - 23 metres @ 2.02 g/t Au BORC 144 - 19 metres @ 1.9 g/t Au BORC 128 - 30 metres @ 1.27 g/t Au BORC 161 - 19 metres @ 1.43 g/t Au These results will be included in the ongoing feasibility study and encourage MacPhersons to undertake more drilling. This drilling program has demonstrated that gold mineralisation continues at depth within the Boorara Gold Project. A 4,100 metre Reverse Circulation (RC) drill program at Boorara commenced on 10th September to: drill the top of the Northern open pit in order to improve geological understanding of the top 75 metres, intersect the area from 100-130 metres below the surface in both the Southern and Northern gold lodes. Note that the Boorara Trial Mining has mined the Southern Stockwork part of Boorara with ore being processed at FMR Greenfields Mill (previous ASX announcement 22/09/16). We are encouraged by the intersections as outlined below and will be including the results in our ongoing Feasibility Study of Boorara. | |
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