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Syndicated Metals Ltd.
Summary
| Project: | Monument | |
|---|---|---|
| Deposit: | Korong | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-6-2018: Syndicated Metals Ltd. announces an Exploration/Drilling Update report for its Korong deposit at the Monument project. Drilling results incl. 7m @ 13.1g/t Au from 97m. Syndicated Metals (ASX: SMD) is pleased to advise that it has commenced work | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Langworthy (Internal) | |
| ABSTRACT: | Syndicated Metals (ASX: SMD) is pleased to advise that it has commenced work on a maiden Mineral Resource estimate for its 100%‐owned Monument Gold Project in the world‐class Laverton gold district of WA (Figure 2) after receiving highly encouraging results from the recently completed Reverse Circulation drilling program at the advanced Korong prospect. The geological logs from two step‐out holes to the south of the main Korong Lode, for which assay results are still pending, indicate that the mineralised structure was intersected, further highlighting the potential of the Korong mineralised system. Assay results from three holes at the Old Copper prospect, which is located 3km south along strike from Korong, are also pending and will be reported when they are received. Management Comment Syndicated’s Managing Director, Mr David Morgan, said: “The latest drill program has given us sufficient data to calculate a maiden Resource for the Korong deposit, which will be another important step towards unlocking the value of the project. “Encouragingly, the latest drilling also clearly shows the broader potential of the Korong mineralised system – which sits directly along strike from, and has similar geological mineralisation and structural controls to, Dacian Gold’s nearby 1.6Moz Westralia deposit. “We have now identified several opportunities to extend the mineralisation and potentially delineate new positions both down‐plunge and along strike and we are looking forward to testing these positions with further drilling planned for later this year. | |
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