Mining, Metals and Money

In-depth mining, gold, nickel and market insights

10 November 2016

Gold Deposit just keeps getting better!

Quartz Zone delivers high grade gold drill results, assays include:

  • 5 metres at9 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
  • 2 metres at 6.7 g/t gold
  • 19 metres at 0.74% copper including 2 metres at 2.38% copper and;
    • 2 metres at 1.46% copper

Substantial Gold Grades in Drilling Extend Mineralised Zone

Drill hole ERC16-29 and ERC16-30 drilled 30 metres northwest of ERC16-31, ERC16-32 and ERC16-33 has intersected substantial gold mineralisation both within the quartz reef and alteration halo. The above results follow on from the previous assay results of:

  • 1 metre at 25.6 g/t gold within: 3 metres at 9.8 g/t gold
  • 1 metre at 41 g/t gold within:            3 metres at 14.3 g/t gold
  • 1 metre at 41.3 g/t gold within: 4 metres at 12 g/t gold
  • 1 metre at 21.6 g/t gold and;
  • 1 metre at 24.0 g/t gold within: 9 metres at 8.3 g/t gold
  • 7 metres at 5.1% copper within:        34 metres at 1.36% copper from 71 metres

Visible Gold at Surface Supports High Grade Drilling Intersections at Depth

Drilling at depth has confirmed the visible gold identified in surface outcrops of quartz veining.

The Quartz Zone outcrops at surface in all six road cuttings completed and visible gold has been identified in rock samples at surface in all six road cuttings over an elevation range of 140 metres to date.

The quartz zone has been mapped and extends at least 450 metres along strike and is open in both directions.

Drilling is Ongoing and Assays for Several Holes are Pending

Assay results for a further nine holes are pending. Drilling is ongoing.

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

ASX Announcement