For thousands of other reports visit RSC's Mineral Intellingence Map
Monax Mining Ltd.
Summary
| Project: | Percyville | |
|---|---|---|
| Deposit: | Percyville | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-12-2016: Monax Mining Ltd. announces an Exploration/Drilling Update report for its Percyville deposit at the Percyville project. Drilling results incl. 19m @ 2.85g/t Au from 15m. Monax Mining Limited (Monax or the Company) is pleased to announce that l | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gary M. Ferris (Internal) | |
| ABSTRACT: | Monax Mining Limited (Monax or the Company) is pleased to announce that laboratory results have been received for its maiden drilling program at the Percyville Gold Project located in northern Queensland. Monax completed 14 holes totalling 860 metres (see Table 1 for details) returning a particularly high grade result at the southern vein whereby gold up to 23 g/t was reported over 1 metre. Further to this, anomalous gold (>1 g/t Au) was reported across 12 of the 14 drill-holes (see Figure 2 and Table 2 for details) demonstrating the overall success of the drilling program. Highly encouraging intercepts were recorded including 19m @2.85 g/t Au (15-34m) including 4m at 9.4 g/t (15-19m). Monax is planning to undertake an IP survey to assist in outlining possible sub-surface extensions to the outcropping veins. The survey will also provide the Company with additional data of the area between the vein sets and assisting with accurately locating deeper chargeable features outlined from the previous IP survey. The Company intends to undertaker a follow-up drilling program in early 2017 following review of the IP survey results. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report