Mining, Metals and Money

In-depth mining, gold, nickel and market insights

20 October 2016

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Gold Mineralisation Identified in Stockpiles at Burtville East Prospect

Sampling conducted over existing historically mined surface rock piles has identified substantial  gold mineralisation at the Burtville East gold prospect, part of the Merolia gold project, near Laverton Western Australia.

Gold assays include: 38.4 g/t gold, 6.4 g/t gold, 4.9 g/t gold, 3.9 g/t gold and 3.6 g/t gold

The gold grades within the surface rock piles ranges from waste (<0.5 g/t gold) to high grade ore (38 g/t gold). The rock piles have been sampled on a 2 metre by 2 metre grid with 71 samples collected. 32 samples contain potentially economic gold mineralisation.

The high grade of samples suggests that the quartz vein contains substantial gold mineralisation

Managing Director Todd Hibberd commented that “Burtville East surprised us with the high grade of some of the surface rock piles.  The size of the gold in soil anomaly combined with the substantial gold grades encountered in the rock pile sampling indicates that the quartz vein contains substantial gold mineralisation”.

Drilling Application lodged to allow drilling in Calendar 2016

“The Company has planned an initial drilling program to test the extents of the quartz vein and has submitted a drilling application to the Department of Mines and Petroleum. Drilling approvals are expected in two-three weeks allowing the Company to test this target in the latter part of 2016”.

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

ASX Announcement