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Spitfire Materials Ltd.
Summary
| Project: | Mulwarrie | |
|---|---|---|
| Deposit: | Mulwarrie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-7-2017: Spitfire Materials Ltd. announces an Exploration/Drilling Update report for its Mulwarrie deposit at the Mulwarrie project. Amended drilling results incl. 30m @ 16.87g/t Au from 56m. Spitfire Materials Limited (ASX: SPI) is pleased to advise tha | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stuart Till (Internal) | |
| ABSTRACT: | Spitfire Materials Limited (ASX: SPI) is pleased to advise that its maiden drilling program at the Mulwarrie Gold Joint Venture, located 150km north-west of Kalgoorlie in the Eastern Goldfields of WA, has returned highly encouraging results, intersecting significant primary gold mineralisation below and along strike from a historical gold mining area. Mulwarrie is one of two highly prospective Australian gold projects which Spitfire has acquired through its recently completed acquisition of unlisted gold company Admiral Gold Limited. The Mulwarrie drill program, which comprised 2,915m of RC drilling and 99.6m of diamond drilling, was completed in early June. The program was successful in identifying and validating the previous RC drilling completed prior to 1990. Drilling targeted the area down-plunge from historical intersections and was successful in both repeating and extending the mineralised structure up to 120m below the historical workings. Spitfire’s Managing Director, John Young, said the maiden drilling program had significantly upgraded the potential of the Mulwarrie Project. “We have been impressed by what we have seen so far,” he said. “The drilling has identified significant extensions of the high-grade mineralisation which was mined historically and we are looking forward to getting a drill rig back as quickly as possible to further evaluate this significant emerging opportunity for the Company.” | |
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