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Oakdale Resources Ltd.
Summary
| Project: | Tonopah North | |
|---|---|---|
| Deposit: | Tonopah North | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 2/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2020: Oakdale Resources Ltd. announces an Exploration/Drilling Update report for its Tonopah North deposit at the Tonopah North project. Drilling results incl. 1.5m @ 1.19g/t Au from 260m. Oakdale Resources Limited (ASX: OAR) (“Oakdale” or “the Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Geoff Balfe (Alpine Resources (USA) Pty Ltd.) | |
| ABSTRACT: | Oakdale Resources Limited (ASX: OAR) (“Oakdale” or “the Company”) provides an update on the diamond core drilling program at its Tonopah North project in Nye County, Nevada, and plans for drilling at the Lambarson Canyon property in Pershing County, Nevada. Following final assays received for TND-02 at Tonopah North, the board of Latin has determined to move on from Tonopah North to planned drill targets at the prospective Lambarson Canyon tenements, where induced polarisation (IP) survey results in conjunction with highly anomalous surface gold sample results, indicate potential for a gold mineralised target. Drilling is planned on Lambarson Canyon in the second quarter of 2020 once permitting process is completed and weather permitting. Final assays for Tonopah North hole TND-02 (up to 1.19 g/t Au received for interval 260m to 261.5m) indicated gold mineralisation associated with gold-in-quartz and proved the structural target, however results were not deemed indicative of sufficient grade or scope for an economic rationale for further follow up exploration. The Lambarson Canyon target has previous successful exploration results that warrant follow up and the board of Oakdale determined that priority focus should immediately move to progressing a drill program. | |
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