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Marindi Metals Ltd.
Summary
| Project: | Forrestania | |
|---|---|---|
| Deposit: | Gemcutter | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-12-2019: Marindi Metals Ltd. announces an Exploration/Drilling Update report for its Gemcutter deposit at the Forrestania project. Drilling up results incl. 12m @ 0.43g/t Au. Further to its announcement of 28 October 2019, Marindi Metals Ltd (ASX: MZN; | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Further to its announcement of 28 October 2019, Marindi Metals Ltd (ASX: MZN; Marindi or the Company) provides an update on ongoing exploration activities at its 100%-owned Forrestania GoldLithium Project in Western Australia (see Figure 1). The Company recently completed a short follow-up drilling program across the Gemcutter gold prospect, located on its 100%-owned Gem Mining Lease, comprising seven drill-holes for a total of 720m of Reverse Circulation drilling. While visually impressive zones were observed during the follow-up drilling, the assay results indicate that the grade of the mineralised system at Gemcutter is highly variable and the wide-spaced “step-out” holes returned mixed results including a best intercept of 12m grading 0.43g/t with a narrow zone of 1m at 2.33g/t Au. A full list of assay results and collar locations is provided in the attached tables. The presence of consistently wide but low-grade gold values along-strike of the initial discovery line, coupled with the limited footprint of the M77/549 Mining Lease held by Marindi, means the Gemcutter gold prospect will not be the focus of further significant exploration work. | |
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