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Silver Lake Resources Ltd.
Summary
| Project: | Deflector | |
|---|---|---|
| Deposit: | Deflector South West | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 6/5/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-6-2020: Silver Lake Resources Ltd. announces an Exploration/Drilling Update report for its Deflector South West deposit at the Deflector project. Drilling results incl. 7.4m @ 98.7g/t Au, 11.1% Cu from 139m. Following delineation of a maiden Mineral Res | |
| Resources: | (Resources, I+I): 634kt @ 14.9g/t Au, 0.6% Cu | |
| CP/QP: | [Overall Report] Karen Wellman (Internal) | |
| ABSTRACT: | Following delineation of a maiden Mineral Resource for the Deflector South West area in March 20201 , a 27 hole program was designed to infill the lodes within the DSWMRE for conversion from Inferred to Indicated Mineral Resources. All 27 holes were drilled from 2 positions on the 1033 level exploration drive which recently developed 150m along DEFSW 1301 lode from the southern limits of the current Deflector underground mine. Following the strong results from both the development drive and the latest drilling, the drive will be extended to provide additional drill platforms to infill the southern portion of the DSWMRE and test for extensions beyond the current Mineral Resource. The recent program returned 30 high-grade gold/copper assays greater than 10 gram-metres from the 27 holes completed, with multiple holes containing visible gold and massive sulphides. The results confirm the continuity of high-grade gold/copper mineralisation within the first 150m of strike of the DSWMRE, extending immediately south of the Deflector mine. The assay results and increased drill density are expected to support a high conversion rate of Inferred DSWMRE to Indicated status and ultimately Ore Reserves. Highlights include | |
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