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Silver Lake Resources Ltd.
Summary
| Project: | Mount Monger | |
|---|---|---|
| Deposit: | Mount Belches | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-6-2018: Silver Lake Resources Ltd. announces an Exploration/Drilling Update report for its Mount Belches deposit at the Mount Monger project. Drilling results incl. 0.59m @ 133g/t Au from 122.78m. Commenting on the results, Silver Lake Resources Limited | |
| Resources: | (Resource, I+I): 5.6Mt @ 2.4g/t Au for 425Koz Au at Santa | |
| CP/QP: | [Overall Report]: Antony Shepard (Internal) | |
| ABSTRACT: | Commenting on the results, Silver Lake Resources Limited Managing Director Luke Tonkin said: “Over the past two years, Silver Lake has enhanced its geological understanding of the structural controls and gold mineralisation of the BIF hosted deposits in the Mount Belches Mining Centre. Importantly, this has directly translated to a significant increase in the production transparency of the Mount Belches Mining Centre through the development of the Maxwells, and re-commencement of the Cock-eyed Bob, underground mines. The intersection of high-grade, visible gold mineralisation at Santa validates our belief in the potential for Mount Belches to host a third high-grade, shallow, underground mine. The ability to leverage off the installed above-ground support services and maintenance infrastructure at Mount Belches provides potential for an internally funded, near-term, low capital mine development should sufficient confidence in the continuity of mineralisation at Santa be established in further drilling programs.” | |
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