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Spitfire Materials Ltd.
Summary
| Project: | Mulwarrie | |
|---|---|---|
| Deposit: | Mulwarrie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2018: Spitfire Materials Ltd. announces an Exploration/Drilling Update report for its Mulwarrie deposit at the Mulwarrie project. Drilling results incl. 8m @ 14.94g/t Au from 176m. Spitfire Materials Limited (ASX: SPI) is pleased to report further hi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stuart Till (Internal) | |
| ABSTRACT: | Spitfire Materials Limited (ASX: SPI) is pleased to report further highly encouraging results from follow-up drilling at the Mulwarrie Gold Joint Venture, 150km north-west of Kalgoorlie in the Eastern Goldfields of WA, with high-grade assay results from the December 2017 drill program confirming the continuity of highgrade mineralisation at depth in the southern portion of the project. During November-December 2017, the drill program at Mulwarrie was successful in identifying and validating the previous RC drilling to the south and east of the Central Pit, with a total of 27 drill holes completed for 3,517m. The November-December program followed up some of these intersections in what is now known as the East Lode and the Southern Zone, with encouraging results. Exploration Reverse Circulation drilling was also undertaken in several other areas to the east and north of the Mulwarrie Central Area. Spitfire’s Managing Director, John Young, said the latest phase of follow-up drilling had delivered a series of significant high-grade results from the Southern Zones, demonstrating the depth potential of the gold lodes well below previous mining and drilling to date. “We have been able to develop a much clearer understanding of the geometry and controls on the mineralisation at Mulwarrie, which will help us to determine how best to target the next round of drilling. “The next step for the project is a deep diamond hole to enable us to determine the structural controls and orientation of the system, and to assist with planning for potential resource drilling. “Given its location just 65km from our Aphrodite Gold Project, the hub of our Eastern Goldfields strategy where drilling is set to commence early next month, the Mulwarrie Project is a strategic asset for us with the potential to become a satellite mining operation to a broader gold business centred at Aphrodite.” | |
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