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Strategic Minerals Corporation NL

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Summary

Project:

Woolgar

Deposit:Big Vein South
Location:Australia
Commodities:Gold
Date:2/18/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:18-2-2020: Strategic Minerals Corporation NL announces an Exploration/Drilling Update report for its Big Vein South deposit at the Woolgar project. Drilling results incl. 37m @ 3.35g/t Au from 117m. The Company is pleased to announce the final results of
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Alistair Grahame (Internal)
ABSTRACT:The Company is pleased to announce the final results of the remaining fifteen reverse circulation (RC) and four diamond-cored (DD) drill holes at the Big Vein South (BVS) deposit and Sexton. Three resource infill RC drillholes have been received and published, see SMC ASX Announcement Initial Drill Results – Big Vein South released on the 13th December 2019. 2019 Drill Program Overview The 2019 drill programme had three main aims: infilling on the existing BVS resource, exploring high-priority targets adjacent to the resource and improving geotechnical understanding of the resource. The fourteen RC infill drill holes and two of the geotechnical cored holes (LD0343 and LD0344) intersected the BVS resource. The results of these will be incorporated into an updated resource estimation and published once quality control procedures have been completed. The remaining two core holes (LD0345 and LD0346) and the exploration RC hole LR0358 are located adjacent to, but outside the resource, see Figure 1

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