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Millennium Minerals Ltd.
Summary
| Project: | Nullagine | |
|---|---|---|
| Deposit: | Shearers North, Au81 West | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-10-2017: Millennium Minerals Ltd. announces an Exploration/Drilling Update report for its Shearers North, Au81 West deposit at the Nullagine project. Drilling results incl. 11m @ 11.69g/t Au from 43m. Millennium Minerals Limited (Millennium or Company | |
| 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 announce the receipt of further strong exploration results at its Nullagine Gold Project (Nullagine or Project) in WA’s Pilbara region (Figure 1). The latest drilling results come from the Au81 West deposit, located 3km north-west of the Nullagine processing plant, and the Shearers North deposit, located 500m north of the Shearers pit. The results provide further support for Millennium’s plan to increase the mining inventory and extend the mine life at Nullagine. In addition, following the recent gold discoveries in the Pilbara associated with conglomerate, Millennium has initiated a review of conglomerate distribution within the Nullagine district. This is designed to evaluate the potential for gold mineralisation within the conglomerate as a separate mineralisation style to the Company’s shear-hosted and structurally controlled gold deposits. Millennium has received further outstanding results from the Au81 West prospect, located 3km east of the Nullagine processing plant within the Golden Eagle Mining Centre. The ongoing drilling program at Shearers is designed to assess the potential for a cut-back to the existing open pit and to define deeper gold mineralisation as part of Millennium’s broader focus on establishing the continuity of its key deposits at depth (see ASX announcements 27 September and 4 October). The association between Shearers and Shearers North and the conglomerate is being reviewed. Mineralisation at the nearby previously-mined Otways deposit is hosted within the conglomerate and at Gambols the conglomerate is oblique to the mineralisation (Figure 3). | |
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