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Millennium Minerals Ltd.
Summary
| Project: | Nullagine | |
|---|---|---|
| Deposit: | Bartons Underground | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 8/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-8-2017: Millennium Minerals Ltd. announces an Exploration/Drilling Update report for its Bartons Underground deposit at the Nullagine project. Drilling results incl. 3m @ 5.45% Cu, 8.52g/t Au, 141.4g/t Ag, 4.3% Zn, 0.6% Pb from 270m. Millennium Mineral | |
| 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 advise that it has received the results of multi-element assay data from reverse circulation (RC) hole BARD0233 at its Nullagine Gold Project in WA’s Pilbara. BARD0233 was drilled as part of the ongoing program designed to further define and extend gold mineralisation for the Companys maiden JORC 2012 Indicated and Inferred Mineral Resource estimate for Bartons underground (see ASX Release 7 August 2017) at Nullagine. These latest results confirm BARD0233 unexpectedly intersected a 3mzone from 270m down-hole of high-grade copper-lead-zinc-gold-silver mineralisation in association with elevated levels of other elements. Within the 3m intersection, a 1m intercept containing pre-dominantly massive chalcopyrite and pyrite was observed (Figure 1). While the Company’s exploration strategy remains focused on unlocking the full value of its large gold mineral resource inventory, the grade and tenor of the gold and base metal mineralisation intersected is considered encouraging and worthy of follow-up work. Background Small base metal occurrences have been observed within the Mosquito Creek Belt historically and previous explorers have undertaken base metal exploration with no economic discoveries reported to date. A follow-up RC hole with a diamond tail designed to twin the intercept in BARD0233 and provide orientation information is planned to commence within the next week (Figure 2). In parallel with this follow-up drilling, a series of down-hole electromagnetic (DHEM) surveys of BARD0233 and surrounding holes will be undertaken in the coming weeks to assist in defining potential follow-up drill targets. | |
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