For thousands of other reports visit RSC's Mineral Intellingence Map
Strategic Minerals Corporation NL
Summary
| Project: | Woolgar | |
|---|---|---|
| Deposit: | Woolgar | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/7/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-11-2016: Strategic Minerals Corporation NL announces an Exploration/Drilling Update report for its Woolgar deposit at the Woolgar project. Drilling results incl. 51m @ 3.5g/t Au from 132m. The Company is pleased to announce the initial results of the fi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alistair Grahame (Internal) | |
| ABSTRACT: | The Company is pleased to announce the initial results of the first eight drill holes of the recently completed drill program on the Woolgar Project in 2016. These drill holes focussed on both infilling between the three resources at BVS and testing the near-surface extension of the existing resource in the central sector. 2 Significantly, all but one of the planned drill holes intersected with mineralisation. These results will be incorporated into the updated resource estimate and reported in due course. Further results are still pending from the northern and southern extensions of BVS, and three other prospects in the Lower Camp. The 2016 drilling campaign comprised twenty reverse circulation (RC) drill holes totalling 3,542 metres. Eight holes announced here, totalling 1,310 metres, are located in the Crossover (central) sector of the Big Vein South (BVS) resource: o These focussed on both linking the three resources at BVS and testing the nearsurface extension of the existing resource. o Modelling of the 2015 resource indicated that there was potential for the mineralisation to extend closer to surface with obvious positive potential for the resource economics. o The results are being processed, and will be incorporated into an updated resource estimate and reported after the conclusion of the field season. The remaining twelve drill holes are distributed between the northern and southern extensions of BVS, and the Caledonia, Try Again and Ironclad prospects. The results of these are still pending and will be announced in due course. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report