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Oakajee Corporation Ltd.

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Summary

Project:

Paynes Find

Deposit:Paynes Find
Location:Australia
Commodities:Gold
Date:3/30/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:30-3-2020: Oakajee Corporation Ltd. announces an Exploration/Drilling Update report for its Paynes Find deposit at the Paynes Find project. Drilling results incl. 4m @ 811ppb Au from 36m. Oakajee Corporation Ltd (“Oakajee” or “the Company”) is pleased to
Resources:x
CP/QP:[Overall Report]: Reginald Beaton (Internal)
ABSTRACT:Oakajee Corporation Ltd (“Oakajee” or “the Company”) is pleased to advise that assays have been received from the recently completed Aircore (AC) drilling program at the Paynes Find Gold Project in Western Australia. A total of 54 holes were drilled on 5 variably spaced lines for 2,064 metres, within and around the Matriarch gold prospect. Strongly anomalous gold (greater than 100ppb Au) was intersected in 11 of the holes (see Table 1) associated with a north-north-east striking, 1,600m long aeromagnetic low, under shallow laterite cover immediately south of the historical Paynes Find Gold Camp. Drilling Results The recently completed AC drilling was designed to target various north to north-north-east magnetic and geochemical trends associated with historic gold occurrences within Oakajee’s Matriarch tenements. Drill lines were variably spaced and hole spacing along the individual lines was designed to test for a broad supergene gold halo within the weathered bedrock.

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