The Company has entered into a conditional agreement to acquire a 100% interest in this project.
STREZZIERS GOLD
GOLD
EPM Granted
EXPLORATION STATUS
Green-fields status.
Regional scale interpretation and some limited ground mapping and sampling undertaken.
Initial field inspection has located a porphyry outcrop, which, at nearby projects has been a key factor in ore body formation.
Regional scale interpretation and some limited ground mapping and sampling undertaken.
Initial field inspection has located a porphyry outcrop, which, at nearby projects has been a key factor in ore body formation.
GEOLOGY
Exploration model is for potential mineralisation to be hosted by porphyry, breccias, skarns and sandstone rock units.
The project potentially contains a major regional scale structural feature, which has been associated with other significant (>1Moz Au) deposits in the region.
The project potentially contains a major regional scale structural feature, which has been associated with other significant (>1Moz Au) deposits in the region.
TRANSPORTATION
Sealed roads and regional population centres in close proximity.
RC DRILLING RESULTS
A total of 189 samples (including 10 duplicates, 6 standards and 5 blanks) were submitted to ALS Townsville laboratory for analysis. The assay results are included in Appendix 5. Down hole gold and arsenic assay results are shown on Figure 4 and Figure 5.
The main assay results are as follows:
The main assay results are as follows:
- PLRC01 – returned weak Au to 0.43 g/t
- PLRC02 – returned weak Au with 36m at 0.19 g/t, including 3m at 0.26 g/t
- PLRC03 – returned weak Au to 0.19 g/t, (0.23 g/t Au from a duplicate sample)
- PLRC04 – returned weak Au to 0.9 g/t and weak Zn to 1255 ppm.
- PLRC05 – returned weak Au with 48m at 0.26 g/t, including 3m at 0.86 g/t; weak Cu to 1025 ppm, weak Pb to 1055 ppm and weak Zn with 33m at 1171 ppm including 3 m at 1785 ppm.