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Millennium Minerals Ltd.
Summary
| Project: | Nullagine | |
|---|---|---|
| Deposit: | Golden Eagle | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-9-2018: Millennium Minerals Ltd. announces an Exploration/Drilling Update report for its Golden Eagle deposit at the Nullagine project. Drilling results incl. 5m @ 17.86g/t Au from 62.0m. Millennium Minerals Limited (ASX: MOY) (“Millennium” or the “Com | |
| Resources: | (Resource, Total): 21.92Mt @ 1.6g/t Au for 1.107Moz contained at Nullagine | |
| CP/QP: | [Overall Report]: James Farrell (Internal) | |
| ABSTRACT: | Millennium Minerals Limited (ASX: MOY) (“Millennium” or the “Company”) is pleased to advise that step-out drilling has intersected exceptionally high-grade mineralisation at the emerging Golden Eagle South West prospect, 1.8km south-west of the large-scale Golden Eagle deposit at its 100%-owned Nullagine Gold Project in WA’s East Pilbara (Figure 4). Hole GERC13440 was drilled 80 metres north-east of previously-reported reconnaissance hole GEX391, which returned 12m @ 0.87g/t gold from 184m, including 1m @ 3.13g/t gold from 191m (see ASX Announcement 27 August 2018). The step-out hole has intersected two high-grade zones of gold mineralisation. Millennium Chief Executive Peter Cash said latest high-grade drilling results confirmed that Golden Eagle South West was rapidly emerging as a potentially exciting new discovery at Nullagine. “This represents another really exciting development for Millennium – confirming the presence of high-grade gold mineralisation 1.8km from our flagship Golden Eagle deposit,” he said. “The latest drilling also provides significant momentum to our new interpretation of the existence of high-grade cross-cutting structures that could significantly upgrade the Golden Eagle mining inventory. “We are now working to pursue the mineralised trend along strike from Hole GERC13440, and will be actively drilling this area over the remainder of 2018 to rapidly assess its potential,” he said. | |
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