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Montezuma Mining Company Ltd.
Summary
| Project: | Yamarna | |
|---|---|---|
| Deposit: | Jatz, Le Snak, Salada | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-2-2017: Montezuma Mining Company Ltd. announces an Exploration/Drilling Update report for its Jatz, Le Snak, Salada deposit at the Yamarna project. Drilling results incl. 12m @ 0.3ppm Au from 40m. Montezuma Mining Company Ltd “Montezuma” or “Company” re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Justin Brown (Internal) | |
| ABSTRACT: | Montezuma Mining Company Ltd “Montezuma” or “Company” recently announced the completion of a 20 reverse circulation drill hole programme for a total of 2,754m at the Company’s 100% owned Yamarna Gold Project, located approximately 20km along strike from the recently discovered multi-million ounce ore body at Gruyere1 by Gold Road Resources Ltd (ASX:GOR). Several holes intersected broad zones of alteration including silica, biotite and sericite overprinting, associated with quartz veining +/- sulphides. The alteration occurs over zones of up to 40m downhole and is interpreted to have resulted from a significant hydrothermal event. The drilling was completed at the Jatz, Le Snak and Salada prospects following a regional integrated structural review using the available aeromagnetic, gravity and drilling datasets. The favourable geology was associated with significant gold anomalism in places and further confirmed the kilometre scale Jatz trend. As detailed in table 1, a number of the recent results are based on composite samples which will need to be resplit to 1m intervals to better define the mineralised zones. | |
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