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Paterson Resources Ltd.
Summary
| Project: | Burraga | |
|---|---|---|
| Deposit: | Lucky Draw, Hackney's Creek | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/27/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2020: Paterson Resources Ltd. announces a Resource Estimation report for its Lucky Draw, Hackney's Creek deposit at the Burraga project. Updated Mineral Resource Estimate for Project. Paterson Resources Limited (PSL or the Company) (ASX: PSL) is plea | |
| Resources: | (Resources, Total): 2.68Mt @ 1.6g/t Au (134koz Au) | |
| CP/QP: | [Resources]: Kerrin Allwood (Geomodelling Ltd.) | |
| ABSTRACT: | Paterson Resources Limited (PSL or the Company) (ASX: PSL) is pleased to announce the gold mineral resource estimate for the Lucky Draw and Hackneys Creek gold prospects located in the Burraga Copper Gold Project in the Eastern Lachlan Fold Belt in NSW completed by the Company’s independent consultant, Kerrin Allwood from Geomodelling. The Lucky Draw and Hackneys Creek gold deposits occur in metasomatised sediments of the Ordovician Triangle Formation immediately below the contact with mafic volcanic rocks inferred to belong to the Rockley Volcanics and very close to the contact with the Carboniferous Burraga Granite. The skarn-like ore displays a gold – bismuth - tellurium association (an “intrusion-related gold” signature) but is generally sulphur-poor with a very low sulphide mineral content. Skarn-like mineral assemblages (including garnet and gedrite), alteration and mineralisation at Lucky Draw including are considered by Sheppard et al. (1995) to be the product of contact metamorphism and hydrothermal activity associated with the intrusion of the Burraga Granite. | |
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