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Primary Gold Ltd.

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Summary

Project:

Coolgardie

Deposit:Coolgardie
Location:Australia
Commodities:Gold
Date:1/9/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:9-1-2017: Primary Gold Ltd. announces an Exploration/Drilling Update report for its Coolgardie deposit at the Coolgardie project. Drilling results incl. 6m @ 10.6g/t Au from 87m. Primary Gold Limited (ASX: PGO) is pleased to announce a significant further
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Dr. M. Abzalov (Internal)
ABSTRACT:Primary Gold Limited (ASX: PGO) is pleased to announce a significant further assay result from drilling at the Coolgardie Gold Project in Western Australia. Assays from drill hole PGCL0056 achieved a result of 6m at 10.6g/t gold from 87m. Importantly, the result represents a significant high grade intersection outside of the existing geochemical anomalies, which was not anticipated to be achieved during the drilling program. The original purpose of PGCL0056 was to drill the ‘splay shears’ associated with the more prospective major fault zone cross-cutting the greenstone sequence. The cross-cutting structure already hosts the Bakers Find, Franks Find and Tycho deposits (see Figure 2) and is considered highly prospective for gold mineralisation by the Primary Gold geologists. The splay shears are expressed on the magnetic maps as narrow linear-shaped low-magnetic anomalies that surround the main cross-cutting structures. At Coolgardie the splay shears are lacking strong geochemical anomalies of gold and have subsequently not been the focus of systematic drilling in the past. The high grade intersection highlights the prospectivity of these 2nd and 3rd order shears and importance of their systematic exploration. It also provides strong potential for the development of further resource areas within the Coolgardie Gold Project. Follow up drilling will target this splay shear zone, with an emphasis on the area along to the north of this intersection.

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