For thousands of other reports visit RSC's Mineral Intellingence Map
Red 5 Ltd.
Summary
| Project: | Darlot Gold Mine | |
|---|---|---|
| Deposit: | Darlot Gold Mine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-2-2018: Red 5 Ltd. announces an Exploration/Drilling Update report for its Darlot Gold Mine deposit at the Darlot Gold Mine project. Drilling result incl. 12.9m @ 7.9g/t Au from 78.02m. Red 5 Limited (“Red 5” or “the Company”) (ASX: RED) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Byron Dumpleton (Internal) | |
| ABSTRACT: | Red 5 Limited (“Red 5” or “the Company”) (ASX: RED) is pleased to announce encouraging initial assay results from its first-ever underground resource extension diamond drilling program at the recently-acquired Darlot Gold Mine in Western Australia. The ongoing drilling program, which commenced in early January 2018, is targeting potential mineralised extensions immediately to the west along strike and down-plunge of the CDA Oval workings, part of the Centenary mining area at Darlot (see Figure 1). All figures quoted above are estimated true widths. Assay results and drill-hole locations are provided in Table 1 in Appendix 1. The drilling completed to date has confirmed extensions of the CDA Oval mineralisation to the west starting approximately 40 metres along strike of current workings, with the mineralisation remaining open and drilling continuing to test for further extensions both along strike adjacent to the regional lamprophyre and down-plunge within the favourable magnetic dolerite host rock. The CDA Oval workings came into production in February 2017, with this sector of the mine representing a key source of high-grade ore feed to the Darlot plant. Given the proximity of the newly identified extensions to the existing CDA Oval workings and underground mine infrastructure and services, it is likely that these newly identified areas will be convertible into Ore Reserves. | |
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