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Strategic Minerals Corporation NL
Summary
| Project: | Woolgar | |
|---|---|---|
| Deposit: | Big Vein South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-10-2017: Strategic Minerals Corporation NL announces an Exploration/Drilling Update report for its Big Vein South deposit at the Woolgar project. Drilling results incl. 71m @ 1.71g/t Au from 126m. The Company is pleased to announce the results of the f | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alistair Grahame (Internal) | |
| ABSTRACT: | The Company is pleased to announce the results of the first eight reverse circulation (RC) drill holes of the ongoing infill drill program at the BVS prospect on the Woolgar Project. Significant results of the first eight holes. This phase of the program is focussed on infilling the existing resource and testing for any nearsurface extension in the Crossover sector at BVS. 2 All drillholes intersected mineralisation. The main objectives of the RC program are to assess how the resource models from Inferred to Indicated and to upgrade Exploration Potential to Inferred Resources. These results will be incorporated into the resource, which will be published in due course once all drilling has been completed, laboratory results received and QAQC completed. The RC drilling program for the Crossover sector was completed in early October and diamond drilling has commenced. 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. The drilling is expected to continue until November. Once all results have been returned and processed in the New Year, further sampling will be conducted for metallurgical and acid rock drainage studies. All these results, along with the geotechnical study, will be incorporated into an updated resource estimation. | |
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