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Rand Mining Ltd.
Summary
| Project: | EKJV | |
|---|---|---|
| Deposit: | EKJV | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-7-2016: Rand Mining Ltd. announces an Exploration/Drilling Update report for its EKJV deposit at the EKJV project. JV with Northern Star Resources, Tribune Resources - results incl. 11.08m @ 10g/t Au from 139.94m. A total of 3,939m was drilled during t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Nicholas Jolly (Northern Star Resource Ltd.) | |
| ABSTRACT: | A total of 3,939m was drilled during the June Quarter with one surface diamond rig targeting the Pegasus (Pode), Drake and Falcon prospects. A total of 1,149m was drilled at the Falcon prospect targeting the new Starbuck structure, Podelike structures and the K2 (Table 2). Starbuck is a high grade mineralised structure discovered at the Falcon prospect, directly west of the Pegasus deposit, in 2015. The program aimed to test for extensions to the Starbuck structure in the northern section of the Falcon prospect, which is located directly west of the Drake prospect. A total of twelve diamond drill holes (2,189.13m) were drilled at Pegasus during the quarter (Table 3). All drill holes targeted the Pode structure with two objectives. Firstly, the intersection of the Pode and K2B structures in the northern section of the Pegasus deposit that consistently returns very high grade intercepts with the aim to infill the zone to a 30m by 30m drill spacing and subsequently upgrade the zone to Indicated resource category. All seven drill holes intersected the Pode and K2B structures. Two diamond drill holes (660.3m) were completed at Drake during the quarter (Table 4). Both drill holes targeted the K2B and K2 structures in a large area below the Drake prospect with no previous drilling conducted. A secondary aim was to intersect possible Pode-like structures in the Bent Tree Basalt. | |
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