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Norwest Minerals Ltd.
Summary
| Project: | Bulgera | |
|---|---|---|
| Deposit: | Bulgera | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-4-2020: Norwest Minerals Ltd. announces a Resource Estimation report for its Bulgera deposit at the Bulgera project. Updated Mineral Resource Estimate for Project. Norwest Minerals Limited (“Norwest” or “the Company”) (Australia ASX: NWM) is pleased to | |
| Resources: | (Resources, I+I): 2.92Mt @ 1.0g/t Au | |
| CP/QP: | [Resources]: Stephen Hyland (Hyland Geological and Mining Consultants) | |
| ABSTRACT: | Norwest Minerals Limited (“Norwest” or “the Company”) (Australia ASX: NWM) is pleased to announce a 43 percent increase to the JORC compliant Bulgera gold resource estimate which now stands at 2.92Mt @ 1.0g/t for 93,880 ounces. The Company has also commenced a 5,000 metre aircore exploration drilling programme to test gold targets immediately along strike of the Bulgera Mining Centre. Resource Upgrade The gold resource increase follows reverse circulation (RC) drilling undertaken late last year targeting mineralisation below and adjacent to the historic Mercuri and Bulgera open cut pits. The 46-hole, 5,860 metre programme was designed to: 1) confirm pre-2004 drilling results, 2) convert low-confidence Inferred Resources to higher-confidence Indicated resources and 3) test the down dip continuity of gold mineralisation beyond existing model limits Norwest twinned 10 historic (pre-2004) RC drill holes with results confirming geological features, gold tenor and intercept widths of the majority of holes duplicated. Infill drilling targeted zones containing low confidence Inferred resources, with the greater drill hole density resulting in a 61% increase to the higher confidence Indicated resource category | |
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