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Primary Gold Ltd.
Summary
| Project: | Coolgardie | |
|---|---|---|
| Deposit: | Coolgardie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-2-2017: Primary Gold Ltd. announces an Exploration/Drilling Update report for its Coolgardie deposit at the Coolgardie project. Drilling results incl. 18m @ 2.1g/t Au from 137m. Primary Gold Limited (ASX: PGO) has completed its maiden drilling program | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr. M. Abzalov (Internal) | |
| ABSTRACT: | Primary Gold Limited (ASX: PGO) has completed its maiden drilling program at the Coolgardie Gold Project in Western Australia and is pleased to announce further assay results and new areas of mineralisation. The drilling program has identified several occurrences of new gold mineralisation outside of the known resources, with numerous mineralised assay results of 2m composites ranging up to 30.4g/t gold. This mineralisation is located within a splay sheer that offsets the existing tonalite structure which was targeted by the drilling program (see Figure 1 overleaf). It is also associated with a strong geochemical anomaly and warrants follow up drilling in the previously untested area to north, toward the MacPhersons deposit. Large intersections between MacPhersons and A-Cap deposits, indicating strong likelihood of deposit linkage and additional gold lodes outside of current resource block model. Coolgardie holds strong potential for further resource growth, with drill out programs now being planned around the two new high grade zones in addition to Franks Find and Baker Find deposits. Primary is now planning drill out programs for both recent high grade hits in addition to the Bakers Find and Franks Find deposits. | |
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