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Vital Metals Ltd.
Summary
| Project: | Elephant Creek | |
|---|---|---|
| Deposit: | Elephant Creek | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/3/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-11-2016: Vital Metals Ltd. announces an Exploration/Drilling Update report for its Elephant Creek deposit at the Elephant Creek project. Drilling results incl. 8m @ 13.43g/t Au from 15.0m. Vital Metals Limited (ASX: VML), the West Africa and Queensland | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Strizek (Internal) | |
| ABSTRACT: | Vital Metals Limited (ASX: VML), the West Africa and Queensland gold explorer is pleased to report high-grade RC results from the Ivory vein at its 100% owned Elephant Creek Gold Project in Queensland that have exceeded the Company’s expectations. Vital’s Managing Director, Mr Mark Strizek, said the drilling in Far North Queensland is shaping up as an important second front for the Company’s gold exploration activities. The other front being the highly prospective and 100% owned Doulnia Gold Project in southern Burkina Faso. “It is over 20 years since there has been any drilling for gold on this tenement and, with these results, we have raised the bar, reporting a project best gold mineralised intersection of 4m @ 26.39 g/t Au.” Gold mineralisation at Ivory remains open both at depth and along strike. Vital intends to continue to test gold mineralisation at Ivory through a combination of in-fill and extensional drilling along strike and at depth, while there is an opportunity to continue field operations before the start of the wet season. Mr Strizek said the Elephant Creek Gold Project offered significant exploration upside, as Ivory is but one of 11 known gold-bearing vein systems that have been identified. “The assays from the initial round of drilling have exceeded my expectations with some very solid gold grades, it is very clear that more drill testing is required along strike and at depth.” The drilling program in Queensland will be continuing with further results expected in early December. “This is no doubt that this is an exciting time for Vital as we move to unlock the value of our key gold assets at a time of strong investor interest in the gold sector,” he added. “Both our Burkina Faso and Australian projects offer significant exploration upside.” Full results from the drilling follow in Table 1 along with a location plan and cross section. | |
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