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Red 5 Ltd.
Summary
| Project: | Darlot Gold Mine | |
|---|---|---|
| Deposit: | Cables, Mission | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/22/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-5-2020: Red 5 Ltd. announces an Exploration/Drilling Update report for its Cables, Mission deposit at the Darlot Gold Mine project. Drilling results incl. 4m @ 14.67g/t Au from 53m. Red 5 Limited (ASX: RED) advises that it has exercised its Option to c | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Byron Dumpleton (Internal) | |
| ABSTRACT: | Red 5 Limited (ASX: RED) advises that it has exercised its Option to complete the acquisition of the Cables and Mission gold deposits, located approximately 10km north of its Darlot Gold Mine in Western Australia (Figure 1). The strategic “bolt-on” acquisition forms part of Red 5’s multi-strand strategy to expand the Darlot Mineral Resource base, which includes ongoing near-mine and regional exploration as well as consolidation of strategic opportunities. The acquisition of the Cables and Mission deposits follows the completion of due diligence and confirmatory Reverse Circulation (RC) drilling to validate historical drilling (refer to drilling results in Table 1) and determine the potential of the Cables and Mission deposits. The Cables and Mission transaction follows the recently announced acquisition of the Great Western gold deposit (see ASX announcement, 3 April 2020). | |
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