For thousands of other reports visit RSC's Mineral Intellingence Map
Overland Resources Ltd.
Summary
| Project: | Trojan | |
|---|---|---|
| Deposit: | Trojan | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-5-2017: Overland Resources Ltd. announces an Exploration/Drilling Update report for its Trojan deposit at the Trojan project. Drilling results incl. 7m @ 2.5g/t Au from 20m. Overland Resources Limited (ASX:OVR; “Overland” and the “Company”) is pleased | |
| Resources: | (Resource, I+I): 2.794Mt @ 1.61g/t Au for 144814oz at project | |
| CP/QP: | [Overall Report]: Hugh Alan Bresser (Internal) | |
| ABSTRACT: | Overland Resources Limited (ASX:OVR; “Overland” and the “Company”) is pleased to announce that it has completed its inaugural drilling program at the Trojan Gold Project (“Project”), near Kalgoorlie in Western Australia, where JORC compliant resources currently comprise 2.8Mt @ 1.6 g/t Au for 145,000oz of gold. The drilling program took place during March-April 2017 with a total of 32 holes completed for 2,585m. Confirmatory, extensional and reconnaissance drilling was conducted on wide-spaced centres at the Trojan North, Echo, Transfind and One Tree Prospects. The Company is very encouraged by the discovery of mineralisation at the One Tree Prospect and that the favourable geology that hosts the Transfind mineralisation extends at least 600m north of the Transfind pit. The recent drilling program has highlighted that there is considerable potential to discover additional high-grade shallow mineralisation in this corridor. Accordingly the Company has commenced planning for a follow up field program that it expects to implement in June. The program will include auger drilling and geochemistry to refine further RC/diamond core drill targets. Drilling at the Transfind Deposit better defined the continuity of the shallow mineralisation in this area, particularly in the southern, unmined, portion of the pit. The deepest high-grade mineralisation discovered to date was intersected in the central portion of the deposit. Although mineralisation at the northern end of the Transfind pit appears to have been displaced by an intrusive body, recent drilling indicates this intrusion is probably small, and that there is definite potential to discover additional mineralisation slightly further north of the pit. Accordingly further exploration in this previously poorlyexplored area is certainly warranted. | |
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