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Resource Base Ltd.
Summary
| Project: | Broula King | |
|---|---|---|
| Deposit: | Broula King pit, Cowfell | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead | |
| Date: | 6/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-6-2017: Resource Base Ltd. announces an Exploration/Drilling Update report for its Broula King pit, Cowfell deposit at the Broula King project. Drilling results incl. 4m @ 8.031g/t Au, 2.1g/t Ag, 0.0033% Cu, 0.0082% Pb, 0.0223% Zn from 17m. Resource Ba | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eric Whittaker (Independent) | |
| ABSTRACT: | Resource Base Ltd (“Resource Base” or “The Company”) is pleased to announce it has received final assay results from the Broula King reverse circulation (RC) drilling program announced on 21 March 2017 (Table A). The RC program consisted of 10 holes (BK220 to BK229) for 898m, (Figure 1). The drilling targeted a mix of structural and geophysical features around the Broula King mine and the historic Cowfell copper mine. Hole BK221 which returned from 17m, 1m @ 19.73g/t Au was drilled to increase the understanding of the high grade gold intersected in grade control drilling above the pit ramp. The southernmost drillholes above the pit ramp BK16E13 and BK16F11 respectively intersected from 0, 5m at 32.5g/t Au and 5m @ 28.3g/t Au (Figure 2). Modelling of previous resource and grade control drillholes has defined an 80m long NE striking zone of silicification which when intersected by the main N-S striking quartz reefs resulted in bonanza gold grades. This helps explain the array of the historic surface workings. This zone of silicification remains open at depth and to the west. Importantly the 19.73g/t Au intercept in BK221 is the deepest (by RL) high grade gold interval ever intersected at Broula King. | |
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