For thousands of other reports visit RSC's Mineral Intellingence Map
Primary Gold Ltd.
Summary
| Project: | Mt Bundy | |
|---|---|---|
| Deposit: | Rustlers Roost | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 4-8-2017: Primary Gold Ltd. announces an Exploration/Drilling Update report for its Rustlers Roost deposit at the Mt Bundy project. Drilling results incl. 117m @ 1.5g/t Au from 78m. Primary Gold Limited (ASX: PGO) is pleased to announce the 5600m drill pr | |
| Resources: | (Resource, I+I): 26.875Mt @ 1.5g/t Au for 1.235Moz Au contained at Mt Bundy | |
| CP/QP: | [Overall Report]: Dr Marat Abzalov (Internal) | |
| ABSTRACT: | Primary Gold Limited (ASX: PGO) is pleased to announce the 5600m drill program at Mount Bundy has completed with initial results now received for Rustlers Roost. These very encouraging results have extended mineralisation outside of the pit design used in the recent successful Scoping Study (ASX: 19 April 2017) as well as infilling gaps within the existing block model. Managing Director, Garry Mills, said “I am very excited that these results from the first regional drilling at Mount Bundy in 20 odd years have shown the potential to significantly upgrade the results from our scoping study completed over Mount Bundy earlier this year. The results received so far have identified much higher grades than historically revealed in this region and validates Primary’s new strategy of expanding the project away from just Tom’s Gully Underground to a more regional play.” These results are the first 27 of 38 results expected from the Mount Bundy RC and diamond drill program that was designed to follow up reconnaissance programs of late 2016 and targeted high priority brownfield sites with the potential to expand the existing resource base of 26.9Mt at 1.5g/t gold (1,235,000oz gold). | |
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