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Strategic Energy Resources Ltd.
Summary
| Project: | Saxby | |
|---|---|---|
| Deposit: | Saxby | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 12/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-12-2019: Strategic Energy Resources Ltd. announces an Exploration/Drilling Update report for its Saxby deposit at the Saxby project. Drilling results incl. 6m @ 12.08g/t Au, 5.65g/t Ag from 519m. Strategic Energy Resources (SER) is pleased to announce | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stuart Rechner (Internal) | |
| ABSTRACT: | Strategic Energy Resources (SER) is pleased to announce that drilling at the Saxby Gold Project in Queensland has intersected high grade gold mineralisation. Drill hole SXDD020 intersected 6m @ 12g/t Au from 519m including a high grade zone of 2m @ 32g/t Au. Gold mineralisation is hosted in late-stage, sulphide-bearing structures running through more brittle rock units and is associated with silver, arsenic, bismuth and tellurium. Mineralisation is surrounded by intense brecciation and alteration. Another zone of gold mineralisation (3m @ 2.4g/t Au from 682m and 1m @ 2.7g/t Au from 687m) occurs deeper in the hole. SXDD020 was designed to test the continuity of high-grade gold mineralisation intersected in historic drillholes SXDD005 and SXDD014. These historic intersections of 9m @ 11g/t Au and 8m @ 15g/t Au occur approximately 190m apart. Mineralisation appears to be structurally controlled however the orientation and number of structures remains unclear. The vast majority of the Saxby project remains untested. Mineralisation was encountered shallower than expected and SER is working to understand the geometry of the gold mineralisation. The true width of intercepts cannot be determined at this stage. SER believes Saxby represents a significant high grade gold system that warrants a substantial, concerted exploration program. We will advise shareholders on next steps once we have thoroughly evaluated all new data collected. | |
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