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Saracen Mineral Holdings Ltd.
Summary
| Project: | Carosue Dam | |
|---|---|---|
| Deposit: | Karari, Whirling Dervish | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-2-2018: Saracen Mineral Holdings Ltd. announces an Exploration/Drilling Update report for its Karari, Whirling Dervish deposit at the Carosue Dam project. Drilling results incl. 44.7m @ 4.42g/t Au from 283m. Saracen Managing Director Raleigh Finlayson | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Daniel Howe (Internal) | |
| ABSTRACT: | Saracen Managing Director Raleigh Finlayson said the latest results provide further confirmation of the organic growth opportunities immediately adjacent to the Carouse Dam mill. “With Whirling Dervish showing early promise, and Karari’s outstanding form continuing, Saracen is well positioned to continue mining at Carosue Dam for at least the next 10 years,” he said. Drilling at Carosue Dam has continued with three diamond rigs operating across the three underground mines – Karari, Whirling Dervish, and Deep South. The addition of a third jumbo at Karari has expedited the development of a new drill position in the north, 150m below the existing platform. Completion is anticipated late in the March quarter 2018, enabling the deeper holes (up to 900m below surface) to be drilled from underground. The new platform will also be very well positioned to complete infill drilling in the north, further defining the area identified by recent drilling. Drilling at Whirling Dervish has focused on extensional drilling to the south of the Ore Reserve aiming to define the mineralisation up to the Osman Fault, as well as infill and extensional drilling to the north. A program of three holes was drilled directly into the Osman Fault aiming to locally understand the orientation and nature of the large regional fault. This definition highlighted the potential for additional strike to the south. This has now been confirmed with up to 65m of additional mineralisation identified to the south of the Ore Reserve. | |
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