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Strategic Minerals Corporation NL
Summary
| Project: | Woolgar | |
|---|---|---|
| Deposit: | Big Vein South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-6-2018: Strategic Minerals Corporation NL announces an Exploration/Drilling Update report for its Big Vein South deposit at the Woolgar project. Drilling results incl. 77.47m @ 1.37g/t Au from 128.0m. The Company is pleased to announce the results of a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alistair Grahame (Internal) | |
| ABSTRACT: | The Company is pleased to announce the results of all eight diamond drill (DD) holes, totalling 1,612 metres, from the Big Vein South (BVS) prospect in the Woolgar Project, including Four holes are primarily geotechnical (LD0318, LD0319, LD0320, LD0321) and four are primarily resource (LD0317, LD0322, LD0323, LD0324) related, although all were modified where possible, to maximise information and data generation. The diamond hole program has been designed to provide essential information and material that will be used to examine quality control, metallurgy, waste characterisation and improved geological control, all technical constraints necessary to assess and potentially upgrade confidence in the resource2 . All holes were drilled in late 2017, but geochemical analysis was delayed, initially to permit detailed technical logging and hyperspectral scanning prior to destructive sampling, and later due to financial constraints resulting from the extended suspension of the Company’s shares from trading. The company was able to commission the processing and assay of the diamond core material after securing funding via a director loan in March. In total, 22 RC and 8 diamond (DD) holes were drilled for a total of 6,332 metres during 2017. These results announced here constitute the final drill holes. | |
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