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Winmar Resources Ltd.
Summary
| Project: | Lomero | |
|---|---|---|
| Deposit: | Lomero | |
| Location: | Spain | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 5/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-5-2017: Winmar Resources Ltd. announces an Exploration/Drilling Update report for its Lomero deposit at the Lomero project. Drilling results incl. 2.2m @ 11.2g/t Au, 7.4% Zn from 164m. Winmar Resources Ltd (Winmar) (ASX:WFE) is pleased to announce the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rod Sainty (Internal) | |
| ABSTRACT: | Winmar Resources Ltd (Winmar) (ASX:WFE) is pleased to announce the first assay results received for its inaugural Phase 1 programme of diamond drill holes (DDHs) at the Lomero gold-silver-copper-zinc deposit in Spain (Lomero). The locations of the new intercepts in relation to the Lomero mine workings are shown in Figure 1. Technical details are provided in the JORC Table 1 appended to this announcement. The massive sulphide intercept in DDH L17-85 provided two outstanding assay results (Table A, over) that provide a length-weighted average of 2.2m at 11.2 g/t gold and 7.4% zinc. The results confirm the high grades of gold and zinc previously recorded in the Lomero eastern massive sulphide lens. Particular measures were taken with these samples to ensure the maximum assay accuracy was achieved and the largest possible sample size was preserved for subsequent metallurgical test-work. The 8.0m interval of sulphide mineralisation in DDH L17-87, located more than 80m (vertical) below the deepest mine level (Figure 1), provided a best individual assay of 0.55m at 2.05 g/t gold, 3.77% zinc. The result is typical of a number of lower grade zones scattered through the Lomero deposit. Given the very wide spacing of drill intercepts in this area, further drilling is required before a conclusion can be made regarding the overall grade of the sulphide extension identified by DDH L17-87. | |
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