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Silver Lake Resources Ltd.
Summary
| Project: | Mount Monger | |
|---|---|---|
| Deposit: | Mount Monger | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-3-2018: Silver Lake Resources Ltd. announces an Exploration/Drilling Update report for its Mount Monger deposit at the Mount Monger project. Drilling results incl. 1.2m @ 145g/t Au from 318.80m. Commenting on the results, Silver Lake Managing Director | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Antony Shepard (Internal) | |
| ABSTRACT: | Commenting on the results, Silver Lake Managing Director Luke Tonkin said: “Our exploration program continues to deliver strong results and highlights the significant discovery potential proximal to our existing Mount Monger Mining Centres. The step out drilling results validate the geological targeting model and increase our confidence in the potential to access new mining fronts at shallower elevations and along strike from existing infrastructure. Exploration results reported today continue to support our strategy of prioritising exploration targets in the shadow of the headframe and provide pathways to potential Mineral Resource conversion and extensions which would see Silver Lake producing from Mount Monger for many years to come.” The Easter Hollows target zone has been identified within a broad, largely untested package of the 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 300m laterally from the Haoma West lodes. There is greater than 800 metres of un-tested plunge between the original intersection and the limited historical up-plunge drilling associated with the near-surface Christmas Flats and Dinnie Reggio open pit deposits. | |
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