For thousands of other reports visit RSC's Mineral Intellingence Map
Newmarket Gold Inc.
Summary
| Project: | Fosterville | |
|---|---|---|
| Deposit: | Lower Phoenix | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/20/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-9-2016: Newmarket Gold Inc. announces an Exploration/Drilling Update report for its Lower Phoenix deposit at the Fosterville project. Drilling results incl. 14.3m @ 194g/t Au from 289.5m at Lower Phoenix FW. Vancouver, B.C. – September 20, 2016 – Newma | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Troy Fuller (Internal) | |
| ABSTRACT: | Vancouver, B.C. – September 20, 2016 – Newmarket Gold (“Newmarket” or the “Company”) (TSX: NMI) (OTCQX: NMKTF) is pleased to announce further positive results from four surfaced-based drill holes (4,326 meters (m)) from the Company’s growth exploration programs targeting the Lower Phoenix gold system at Fosterville Gold Mine, State of Victoria, Australia. The Company is also pleased to report a further 96 underground, near mine delineation drill holes (22,799m), which continue to return significant intercepts containing high-grade visible gold mineralization. Underground drilling continues to focus on further defining near mine gold targets on the Phoenix, Lower Phoenix, Lower Phoenix Footwall (LPFW), East Dipping, Kestrel and Eagle Faults. Recent drill results continue to support the potential to expand Fosterville’s Mineral Resources and Reserves and confirm continuity of mineralization up-plunge (north) and down plunge (south) on the Lower Phoenix gold system. Since the May 9, 2016 Newmarket News Release, drilling from four diamond drill rigs has continued to focus on resource definition and understanding of multiple gold targets including the Phoenix, Lower Phoenix, Lower Phoenix Footwall (LPFW), East Dipping, Kestrel and Eagle Faults. Reported drill results are outside of the December 31, 2015 Measured and Indicated Mineral Resources and include results from 96 holes (22,799m). Mining production continues on the upper-plunge areas of these targeted structures including the high-grade Eagle Fault and East Dipping Faults which have largely contributed to the record H1 2016 gold production of 70,383 ounces and record gold mill grade of 7.42 g/t at Fosterville. | |
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