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Spitfire Materials Ltd.
Summary
| Project: | Aphrodite | |
|---|---|---|
| Deposit: | Aphrodite | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-7-2018: Spitfire Materials Ltd. announces an Exploration/Drilling Update report for its Aphrodite deposit at the Aphrodite project. Drilling results incl. 25.61m @ 4.11g/t Au from 485.68m. Spitfire Materials Limited (ASX: SPI) is pleased to advise that | |
| Resources: | (Resource, I+I): 13.1Mt @ 3.0g/t Au for 1261Koz Au contained at Aphrodite | |
| CP/QP: | [Overall Report]: John Young (Internal) | |
| ABSTRACT: | Spitfire Materials Limited (ASX: SPI) is pleased to advise that it has made a strong start the second diamond drilling program at its flagship 100%-owned 1.26Moz Aphrodite Gold Project, 65km north of Kalgoorlie in the Eastern Goldfields of WA with the first three holes returning a series of outstanding high-grade results. The drilling continues to confirm both continuity and grade within the lower zones of the Alpha lode, while also confirming the Company’s upgraded geological model for the Aphrodite deposit, providing increased confidence in the ability to target higher-grade lodes. APHRODITE DIAMOND DRILLING PROGRAM Drill holes 18APD014, 18APD017, 18APD018 and 18APD019 were completed on sections approximately 100m apart and were designed to intersect the lower section of the Alpha lode at depths in excess of 300m (below surface), within the Inferred section of the current Resource model. Drill hole 18APD017 was abandoned due to drilling issues. 18APD027 was drilled to replace this hole. Drilling was successful in intersecting the Alpha lode, with 18APD014 intersecting 25.61m @ 4.11g/t Au from 485.68m down-hole (see Figure 1 – Cross-Section 6,659,880mN), with both footwall and stronger hanging wall mineralisation occurring some 110m south and up-plunge of 18APD018. The true width of this zone is approximately 50% of the down-hole intersection width. | |
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