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Red 5 Ltd.
Summary
| Project: | Darlot Gold Mine | |
|---|---|---|
| Deposit: | Darlot Gold Mine, King of the Hills | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-5-2018: Red 5 Ltd. announces an Exploration/Drilling Update report for its Darlot Gold Mine, King of the Hills deposit at the Darlot Gold Mine project. Drilling results incl. 12.8m @ 68.1g/t Au from 80.5m. Red 5 Limited (“Red 5” or “the Company”) (ASX: | |
| 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 advise that ongoing drilling at the Darlot and King of the Hills (KOTH) gold projects, located in the Eastern Goldfields region of Western Australia, is continuing to deliver positive results, confirming the potential for near-term Resource and Reserve growth and delivering significant follow-up targets. The exploration program, which commenced in January 2018, is focused on near-mine Resource and Reserve extensions at both Darlot and KOTH, with an updated Resource/Reserve estimate expected to be delivered by mid-year. In addition, drilling is also being conducted to progressively assess the large number of regional exploration targets that exist within the Company’s tenement holdings. Red 5 Managing Director, Mr Mark Williams, said the latest results provide further confirmation of the excellent prospectivity of the Company’s landholdings in the Eastern Goldfields region. “These latest exploration results provide further strong confirmation that the Darlot and King of the Hills gold mines have significant potential for near-term Resource and Reserve growth. Resource in-fill and extensional drilling at both projects has delivered very high-grade mineralised intercepts in the near-mine environment, with substantial potential for Reserve growth in multiple locations close to existing underground infrastructure,” he said. “In addition, our regional exploration program is helping to enhance our understanding of the structure and controls of gold mineralisation in the region, with drill holes hitting the targeted structures and providing positive geological indications for future drill targeting. | |
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