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Magnetic Resources NL
Summary
| Project: | Mertondale | |
|---|---|---|
| Deposit: | Christmas Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-8-2018: Magnetic Resources NL announces an Exploration/Drilling Update report for its Christmas Well deposit at the Mertondale project. Drilling results incl. 4m @ 11.1g/t Au from 16m. Initial shallow first-pass drilling and assaying of only 5 RAB holes | |
| Resources: | x | |
| CP/QP: | [Overall Report]: George Sakalidis (Internal) | |
| ABSTRACT: | Initial shallow first-pass drilling and assaying of only 5 RAB holes totalling 134m (Figure 1) testing below the Triumvirate historic workings, have successfully intersected 4m at 11.1g/t from 16m (4m composite) including 2m at 15.1 g/t from 17m (1m split) in hole MCWRB38. These 5 RAB holes are only a small part of a large drilling programme of 37 holes totalling approximately 1100m (Figure 2) testing 1800m of anomalous geochemistry at Christmas Well. At least a further 5 shallow RAB holes are planned in this current programme designed to map out the extensions of the Triumvirate workings and extent of the mineralised quartz veins which are up to 18m thick beneath the workings (Figure 1and Table 3). A sixth hole to the west of the workings, MCWRB39, has also hit a significant 14m thick quartz vein which will be assayed shortly. The 5 holes planned will test a length of 220m and will be extended even further if thick quartz veins and alteration are encountered. Level 1 44A Kings Park Road PO Box1388 West Perth WA 6872 Telephone 08 9226 1777 www.magres.com.au ABN 34 121 370 232 2 Historically similar high grades were mined with 1500g of gold being recovered from 50t of ore extending over the central 110m of workings, striking SE in a vertically dipping quartz lode hosted by meta-basalts near the contact with felsic schists. There are 5 vertical shafts with the deepest being 20m deep (GSWA WAMEX report A27915). | |
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