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Spitfire Materials Ltd.
Summary
| Project: | Aphrodite | |
|---|---|---|
| Deposit: | Aphrodite | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-4-2018: Spitfire Materials Ltd. announces an Exploration/Drilling Update report for its Aphrodite deposit at the Aphrodite project. Drilling results incl. 22m @ 6.28g/t Au from 391m. Spitfire Materials Limited (ASX: SPI) is pleased to advise that it ha | |
| Resources: | (Resource, I+I): 13.1Mt @ 2.99g/t Au for 1.26Moz Au contained at project | |
| CP/QP: | [Overall Report]: John Young (Internal) | |
| ABSTRACT: | Spitfire Materials Limited (ASX: SPI) is pleased to advise that it has received highly encouraging initial results from the recently completed resource in-fill and extensional diamond drilling program at its flagship 100%- owned 1.26Moz Aphrodite Gold Project, located 65km north of Kalgoorlie in the Eastern Goldfields of WA (see Figure 4). The results received so far have confirmed the quality and consistency of the mineralisation within the Underground Inferred Resource of 1.4Mt at 7.5g/t for 332,000oz (see ASX release dated 25 January 2018), supporting the Company’s objective of upgrading this Inferred Resource as the cornerstone of its development studies. The drilling has also provided valuable geotechnical information and metallurgical samples for future underground feasibility work. Assay results from the first four holes have confirmed the continuity of the lower section of the Alpha lode over 300m, with highlights including 17m @ 2.67g/t Au from 322m (18APD001), 12m @ 11.53g/t Au from 377m (18APD003) and 22m @ 6.28 g/t Au from 391m (18APD006). Assays from the remaining nine holes are expected over the next few weeks. Spitfire’s Managing Director, Mr John Young, said: “We’re off to a great start at Aphrodite, having recently completed our maiden 13-hole diamond drilling program and received the first batch of assays. The drilling was specifically designed to test and in-fill the lower Alpha and Phi lodes, which contain a significant Inferred Resource of 1.4 million tonnes grading 7.5g/t Au for 332,000oz. | |
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