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Millennium Minerals Ltd.
Summary
| Project: | Nullagine | |
|---|---|---|
| Deposit: | Bartons | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-7-2017: Millennium Minerals Ltd. announces an Exploration/Drilling Update report for its Bartons deposit at the Nullagine project. Drilling results incl. 41m @ 6.02g/t Au from 129m. Millennium Minerals Limited (Millennium or Company – ASX: MOY) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Dunn (Internal) | |
| ABSTRACT: | Millennium Minerals Limited (Millennium or Company – ASX: MOY) is pleased to report outstanding new results from ongoing drilling below the existing Bartons pit at its Nullagine Gold Project in WA (Appendix 1), further strengthening the potential for underground operations and highlighting the exceptional exploration upside below its existing oxide resources. The latest results, which include a series of impressive high-grade intercepts grading up to 167g/t Au, build on the deep drilling results reported on 3 July (see ASX Announcement “Millennium on track to develop its first underground mine following more strong results”) and come ahead of a maiden Underground Mineral Resource for Bartons scheduled for the end of July. All drill holes in the current program have sucessfully intersected the interpreted position of the Bartons main lode down-plunge as well as defining significant strike extents to the south-west. Millennium Chief Executive Peter Cash said the latest drilling provided more strong evidence of the potential for significant underground mining operations at Nullagine. “Bartons is the first deposit we have now drilled extensively at depth, and the results have exceeded our expectations – demonstrating the presence of thick, high-grade mineralisation which is now projected to extend for a considerable distance down-plunge. “We are on track to announce our first-ever underground Mineral Resource for Bartons at the end of this month and, with the cut-back on the existing oxide pit now underway, this deposit will become an important part of the Millennium story over the coming months. “The impressive results from Bartons also clearly demonstrate the huge upside to the many oxide deposits within the field which simply require systematic drilling to unlock their true potential.” | |
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