For thousands of other reports visit RSC's Mineral Intellingence Map
Saracen Mineral Holdings Ltd.
Summary
| Project: | Thunderbox | |
|---|---|---|
| Deposit: | Thunderbox A Zone | |
| Location: | Australia | |
| Commodities: | Gold-Nickel | |
| Date: | 2/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-2-2017: Saracen Mineral Holdings Ltd. announces an Exploration/Drilling Update report for its Thunderbox A Zone deposit at the Thunderbox project. Drilling results incl. 65m @ 2.09g/t Au from 531.91m. Saracen Managing Director Raleigh Finlayson said th | |
| Resources: | (Reserve, Prob.): 10.3Mt @ 1.7g/t Au for 557000oz Au contained at Zone A | |
| CP/QP: | [Overall Report]: Daniel Howe (Internal) | |
| ABSTRACT: | Saracen Managing Director Raleigh Finlayson said the latest drill results supported the Company’s strategy to grow production and mine life at its existing assets. “The recent decision to make substantial investments in new growth projects and long-term infrastructure reflects Saracen’s belief in the potential to grow the mine life at both Thunderbox and Carosue Dam,” he said. The deeper surface drilling at Thunderbox, aiming at adding significant volume to a potential underground resource, has progressed exceptionally well over the past two months. Drilling has been focused on the down dip and down plunge A Zone position (Figure 1). The geology observed in the drilling has been consistent with previous reports. The mineralisation remains strongly related to the dacite unit and the distribution of grade confirms the consistency seen in previous drilling. The most recent results have added additional down dip extent to the high grade shoot and importantly additional thickness. This gives further support to the AMC Consultants-led ‘bulk’ underground Feasibility Study, currently underway. A higher grade zone within the thicker intersections is evident in a number of the recent drill hole results (Figure 2). The higher grade zones are characterised by an increase in ankerite – silica alteration. This relationship is again consistent with previous observations. The recent drill results confirm the mineralised system (and importantly the thick high grade plunge of the A Zone) remains open. The remainder of the current drill program is on track for completion early in the June quarter. Additional drilling for FY18 is already being planned. | |
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