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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 4-8-2017: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 44m @ 1.7g/t Au from 155m. MacPhersons Resources Limited (“the Company”) (ASX : MRP) is plea | |
| Resources: | (Resource, Total): 5.95Mt @ 1.2g/t Au for 232koz Au contained at Boorara | |
| 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 38 for 10,664 metres (23 diamond holes (BODH) for 6334 metres, 15 reverse circulation (RC) holes for 4330 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. MacPhersons 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. Visible gold is present in almost every diamond hole that has been drilled at Boorara, the analysis strategy is now to repeat the gold analysis using a 500 gram screen fire assay that is able to more accurately and precisely estimate the gold grade of a sample interval where visible has been noted or it is suspected. The screen fire assay is well recognised industry analysis method used where coarse gold is present. | |
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