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Strategic Minerals Corporation NL
Summary
| Project: | Woolgar | |
|---|---|---|
| Deposit: | Big Vein South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-12-2017: Strategic Minerals Corporation NL announces an Exploration/Drilling Update report for its Big Vein South deposit at the Woolgar project. Drilling results incl. 136m @ 1.24g/t Au from 118m. The Company is pleased to announce the results of the s | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alistair Grahame (Internal) | |
| ABSTRACT: | The Company is pleased to announce the results of the second batch of ten reverse circulation (RC) drill holes of the ongoing infill drill program at the BVS prospect on the Woolgar Project. All ten holes announced here, totalling 2,808 metres, are located in the central “Crossover” sector of the Big Vein South (BVS) resource, and continue the focus on infilling the existing resource and testing for any near-surface extension in the Crossover sector at the BVS resource2 . All drillholes intersected mineralisation. In total, during 2017, 22 RC and 8 diamond (DD) holes were drilled for a total of 6,332 metres. All drill programs have now been completed. Further results will be released once these have been received and QAQC completed. The 2017 program includes both RC and diamond drilling aimed at fulfilling multiple technical objectives, which are required to make an initial assessment of the viability of the BVS resource: Twenty of these are infill holes to decrease the spacing between existing drillholes, aimed at both upgrading the category of the existing resource, if justified, and increase the confidence and precision of the resource modelling. This was concentrated in and around the Crossover sector of the existing resource, where a significant volume of higher-grade resource has been delineated at moderate depths, bound by two cross-cutting faults. | |
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