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Millennium Minerals Ltd.
Summary
| Project: | Nullagine | |
|---|---|---|
| Deposit: | Bartons | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-11-2017: Millennium Minerals Ltd. announces an Exploration/Drilling Update report for its Bartons deposit at the Nullagine project. Drilling results incl. 10.5m @ 38.64g/t Au from 164m. Millennium Minerals Limited (Millennium or the Company – ASX: MOY) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Dunn (Internal) | |
| ABSTRACT: | Millennium Minerals Limited (Millennium or the Company – ASX: MOY) is pleased to announce further outstanding results from ongoing exploration programs across its 100%-owned Nullagine Gold Project in WA. The latest results demonstrate the Project’s outstanding growth potential and support Millennium’s plan to deliver a step-change increase in production and mine life at Nullagine, aimed at establishing a minimum five-year mine life based on annual production of 100,000 ounces per annum. Follow-up drilling within the Yates trend, part of the Twenty Mile Sandy Mining Centre located approximately 40km north-east of the Nullagine processing plant (Figure 1), has resulted in the discovery a new high-grade zone of shallow gold mineralisation. The Yates trend was originally identified through Millennium’s regional soil sampling programme and is coincident with an Au-As-Sb anomaly. Follow-up geological mapping defined a 2.5km long trend with rock chip sampling returning high-grade results of up to 16.4 g/t Au (see ASX Announcement 4 October 2017 for further details). Drilling at Bartons Underground is designed to upgrade the current Inferred Mineral Resource to Indicated status as part of the ongoing Feasibility Study (see Figure 5, Figure 6 and Appendix 2). This drilling has returned visible gold in core (see Figure 4) as well as a series of exceptional high-grade results, including: | |
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