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Silver Lake Resources Ltd.
Summary
| Project: | Mount Monger | |
|---|---|---|
| Deposit: | Daisy Complex | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-9-2018: Silver Lake Resources Ltd. announces an Exploration/Drilling Update report for its Daisy Complex deposit at the Mount Monger project. Drilling results incl. 0.45m @ 526g/t Au from 232.55m. Recent drilling into the Easter Hollows target zone con | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Antony Shepard (Internal) | |
| ABSTRACT: | Recent drilling into the Easter Hollows target zone continues to confirm the potential for new lodes within the broad, largely untested package of Daisy mine stratigraphy located immediately to the west of the Haoma West lodes at the Daisy Mine. A single drill hole completed in 2015 at the southern end of the target area returned 1.20m @ 15.4 g/t Au, intersecting a new lode structure that was offset approximately 300 metres laterally from the Haoma West lodes. There was greater than 800 metres of poorly tested plunge between the original intersection and the limited historical drilling associated with the near-surface Christmas Flats and Dinnie Reggio open pit deposits. Commenting on the results, Silver Lake Managing Director Luke Tonkin said: “Easter Hollows continues to deliver high grade intersections consistent with Daisy style mineralisation that confirm our belief we have identified a significant new lode system immediately to the west of the prolific Haoma West lodes. We will continue to drill the Easter Hollows lodes to understand the extent of the system and the optimal development strategy to introduce Easter Hollows into our future mine planning. The Daisy Complex is the foundation asset of our business and has produced over 720koz since 2008. The Daisy Complex lode system is extensive and remains open in multiple directions and continues to provide production opportunities from well outside the existing Resource envelope and at shallower mine elevations.” | |
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