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Nagambie Resources Ltd.
Summary
| Project: | Wandean | |
|---|---|---|
| Deposit: | Wandean | |
| Location: | Australia | |
| Commodities: | Gold-Arsenic | |
| Date: | 7/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-7-2019: Nagambie Resources Ltd. announces an Exploration/Drilling Update report for its Wandean deposit at the Wandean project. Drilling results incl. 0.6m @ 1.25g/t Au, 5450 As from 453.5m. A significant Fosterville-style underground sulphide-gold tar | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rod Boucher, Geoff Turner (Not stated) | |
| ABSTRACT: | A significant Fosterville-style underground sulphide-gold target has been delineated at Wandean. The east-west-trending target zone lies approximately 300m to the north of the east-west-trending oxide-gold discovery announced in 2014 and represents a compelling drill target. Diamond drilling of the first deep exploration hole at Wandean (WTD001), Ground Induced-Polarisation (IP) geophysics by Zonge, historical elevated gold-in-soil results, and lithogeochemical alteration analysis of the WTD001 drill core by Dr Dennis Arne have all combined to support the sulphide-gold target. This is the first time that the Company has applied all the above techniques in a greenfields (unmined) area. Systematic lithogeochemical analysis of diamond drill core, previously used at Fosterville, has clearly proved its value to Nagambie Resources in the Waranga Domain. Due to logistical reasons, the drilling of WTD001 commenced before the Ground IP survey at Wandean was carried out. Drilled due north, WTD001 was designed to test for potential sulphide-gold zones in the unoxidized sedimentary rocks beneath both the 2014 oxide gold discovery and the northern gold-in-soil anomaly. Figure 1 shows, in section, the drill trace (blue) for WTD001, which was completed at 1,104m downhole. Comprehensive logging of the core, using protocols established by Dr Rod Boucher, indicates two significant steeply-north-dipping thrust faults (shown in black in Figure 1). | |
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