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Strategic Minerals Corporation NL

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Summary

Project:

Woolgar

Deposit:Big Vein South
Location:Australia
Commodities:Gold
Date:12/13/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:13-12-2019: Strategic Minerals Corporation NL announces an Exploration/Drilling Update report for its Big Vein South deposit at the Woolgar project. Drilling results incl. 40m @ 1.56g/t Au from 99m. The Company is pleased to announce the initial results
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Alistair Grahame (Internal)
ABSTRACT:The Company is pleased to announce the initial results of three reverse circulation (RC) drill holes at the Big Vein South (BVS) deposit. The three drill holes presented here comprise the initial phase of RC drilling, infilling within the existing resource. This was followed by four diamond drillholes (DD) for geotechnical purposes and a further fifteen RC holes for infill and exploration purposes, all within or adjacent to the BVS Resource. Results remain pending for the further drill holes, which will be announced as soon as these are available. Based on indicative timeframes from the laboratory, this is currently estimated to be around late January 2020 due to the high volumes received. Results will be announced to the market once processed and the appropriate QAQC has been completed.

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