For thousands of other reports visit RSC's Mineral Intellingence Map
Spitfire Materials Ltd.
Summary
| Project: | Mulwarrie | |
|---|---|---|
| Deposit: | Mulwarrie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-9-2017: Spitfire Materials Ltd. announces an Exploration/Drilling Update report for its Mulwarrie deposit at the Mulwarrie project. Drilling results incl. 12m @ 14.66g/t Au from 123m. Spitfire Materials Limited (ASX: SPI) is pleased to advise that foll | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stuart Till (Internal) | |
| ABSTRACT: | Spitfire Materials Limited (ASX: SPI) is pleased to advise that follow-up drilling at the Mulwarrie Gold Joint Venture, 150km north-west of Kalgoorlie in the Eastern Goldfields of WA, has returned further outstanding results, confirming the presence of significant high-grade primary gold mineralisation below and along strike from historical gold mining areas. The August drill program at Mulwarrie is being undertaken in two phases. The Phase 1 program, comprising 24 holes for 2,780m, was completed by 5 September and was successful in identifying and validating the previous RC drilling south of the Central Pit. Drilling also targeted the area down-plunge of significant intersections from the newly defined East lode. Spitfire’s Managing Director, John Young, said the initial phase of follow-up drilling had delivered impressive results, confirming the Company’s geological model and improving its understanding of the geometry and controls on the mineralisation at Mulwarrie. “From our work to date, we have clearly identified the presence of a significant high-grade vein system at Mulwarrie at depth and along strike from the historical workings,” he said. “Further drilling is now required to test for extensions and repetitions of the high-grade lodes at depth to establish the broader potential of the mineralised system. This second phase of drilling will commence shortly. “We are very encouraged by the results generated to date, which indicate that Mulwarrie could emerge as an important strategic asset for Spitfire – particularly in the context of our merger with Aphrodite Gold, given its location just 65km from the high-grade Aphrodite Gold Project. “Mulwarrie presents an opportunity to establish a satellite mining operation which could become an important part of our broader growth and development plans in the region.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report