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Peako Ltd.
Summary
| Project: | East Kimberley | |
|---|---|---|
| Deposit: | Landrigan | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 1/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2020: Peako Ltd. announces an Exploration/Drilling Update report for its Landrigan deposit at the East Kimberley project. Drilling results incl. 6m @ 6.52% Cu, 27.27g/t Ag, 1.16g/t Au, 0.29% Zn from 93m. Peako Limited (ASX: PKO) is pleased to report | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Daryl Clark (Internal) | |
| ABSTRACT: | Peako Limited (ASX: PKO) is pleased to report further 1m infill assay results from its recent Maiden RC drilling at its East Kimberley Copper-Gold project. 11 RC holes totaling 1,868m were drilled at the Landrigan prospect, previously identified by BHP in the early 1980s, with the prospect having minimal exploration since. Peako’s 2019 RC drillhole locations targeted a mix of anomalous IP, anomalous geochemistry and gossanous ironstone outcrops considered to be coincident to potential strike extensions from BHP’s most successful drill hole, EYD20, that intersected 9.6m at 2.7% Cu, 12.6 g/t Ag and 1.5 g/t Au. In order to confirm the preliminary 4m RC composite sample results, as well as provide a clearer definition of the mineralisation and its significant intercepts additional 1m infill sample analyses across several zones of interest were undertaken. Significant results from the 1m infill sampling are presented in Table 1 of Appendix A to this announcement. The overall results from our first phase of RC drilling have confirmed historical drill results and extended the known mineralisation at Landrigan, which remains open in strike to the east and west, as well as at depth. In addition to defining extensions to the Landrigan Cu-Ag-Au system, the results significantly enhance understanding of the geology of the prospect, including alteration, host rock, depth of oxidation and weathering and, importantly, the context and distribution of mineralisation at Landrigan. | |
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