Mining, Metals and Money

In-depth mining, gold, nickel and market insights

13 December 2016

wcn_media-posts_131216

New RC drilling intersects bonanza gold grades:

  • 12 metres at 15.6 g/t gold intersected in RC drilling including;
    • 2 metre at 2 g/t gold
  • 12 metres at 0.81% copper including;
    • 2 metres at 1.8% copper

High Grade Gold Intersections in RC Drilling Extend Mineralised Zone

Drill hole ERC16-36 drilled below ERC16-35 and ERC16-34 has intersected substantial gold mineralisation both within the quartz reef and alteration halo. The above results follow on from the previous assay results of:

  • 11 metres at 15.2 g/t gold including:        1 metre at 149 g/t gold
  • 3 metres at 9.8 g/t gold including;           1 metre at 25.6 g/t gold
  • 3 metres at 14.3 g/t gold including:         1 metre at 41 g/t gold
  • 4 metres at 12 g/t gold including:             1 metre at 3 g/t gold
  • 9 metres at 8.3 g/t gold including:           1 metre at 0 g/t gold and;
  •                                                                 1 metre at 21.6 g/t gold
  • 5 metres at 9.9 g/t gold including:           1 metre at 41.5 g/t gold
  • 7 metres at 3.1 g/t gold including:            1 metre at 9.5 g/t gold

Copper intersections include:

  • 34 metres at 1.36% copper including:            7 metres at 5.1% copper
  • 66 metres at 0.91% copper including:           18 metres at 1.85% copper
  • 19 metres at 0.74% copper including:            2 metres at 2.4% copper

High Grade Gold Intersections in RC Drilling Extend Mineralised Zone

The high grade results intersected in in drill holes ERC16-34, ERC16-35,ERC16-36 and ERC16-38 extend the quartz zone a further 75 metres southeast of the initial drill line which identified exceptional mineralisation from surface to 65 metres depth while remaining open at depth. Drill defined gold mineralisation has been identified along the quartz reef over a distance of 185 metres. Mineralised outcrop containing visible gold extends along the exposed quartz reef over a distance of 243 metres (Figure 1).

Drilling Update

Drilling has been finished for the 2016 field season. A total of 4,045 metres were completed consisting of 16 diamond holes and 17 RC holes as detailed in Table 2. The Company is awaiting assay results for ERC16-25, 37 and 40-43. Further assay information will be released as it becomes available.

For further information, please see the link below to today’s ASX announcement.

ASX Announcement