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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 6-3-2018: MacPhersons Resources Ltd. announces a Resource Estimation report for its Boorara deposit at the Nimbus-Boorara project. Updated mineral resource estimate results in 118% increase in gold ounces. MacPhersons Resources Ltd (ASX : MRP) is pleased | |
| Resources: | (Resource, Total): 16.45Mt @ 0.96g/t Au for 507Koz contained at project | |
| CP/QP: | [Resources]: Patrick Adams (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | MacPhersons Resources Ltd (ASX : MRP) is pleased announce the MRE that has recently been completed at the Boorara Gold Project, 15 km east of Kalgoorlie. The objective of this new MRE for Boorara is to establish a solid resource base from which to undertake further mining studies. The Boorara Gold Project is located on granted Mining Leases situated 1 km south west of the Nimbus site where established offices are connected to the Kalgoorlie mains power supply and a production water supply has been established from the Stoneville borefield. Gold mineralisation is hosted in the Boorara quartz dolerite. A structural study and geological mapping at the Boorara trial pit and surrounding Boorara area has confirmed the gold mineralisation at Boorara is hosted by quartz-dolerite and basalt in moderately north west-dipping quartz-carbonate-sulphide veinlet arrays with iron-carbonate alteration halos controlled by bounding shear zones and late cross faults identical to the 6 million ounce Mount Charlotte gold deposit part of the nearby Kalgoorlie Golden Mile. | |
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