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Millennium Minerals Ltd.
Summary
| Project: | Nullagine | |
|---|---|---|
| Deposit: | Shearers | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-10-2017: Millennium Minerals Ltd. announces an Exploration/Drilling Update report for its Shearers deposit at the Nullagine project. Drilling results incl. 20m @ 3.6g/t Au from 124m. Millennium Minerals Limited (Millennium or Company – ASX: MOY) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steven Oxenburgh (Internal) | |
| ABSTRACT: | Millennium Minerals Limited (Millennium or Company – ASX: MOY) is pleased to report that exploration at the Company’s Nullagine Gold Project (Nullagine or Project) in WA’s Pilbara Region has delivered more strong results, supporting the Company’s plans to increase production and mine life. The latest results, which come from the Shearers, Yates and AU81 West prospects, span the Nullagine mineralised corridor from the south-west to the north-east of the project area (Figure 1), demonstrating the entire region’s outstanding growth potential. At the Shearers deposit, drilling was undertaken to assess the potential for a cutback to the existing open pit, as well as to define deeper gold mineralisation (see ASX Announcement 27 September 2017). This drilling was completed in September, with initial results including. The broad, mineralised intercepts returned from both these holes support Millennium’s plan to cutback the Shearers pit. Importantly, the latest results confirm Nullagine’s immense potential at depth. Nullagine has been subjected to very little deep drilling. However, where deeper drilling has occurred in recent times, the results have highlighted the potential to establish underground operations, increasing production and mine life in the process. This has been the case at the Bartons deposit, where Millennium is on track to finalise a maiden underground Ore Reserve this month. Given these latest results, Millennium will fast-track exploration at Shearers to assess its underground potential. | |
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