Musgrave Managing Director
"The regional step out aircore/RC drill program is also progressing well with the focus on making additional high-grade gold discoveries in the belt. All of these targets provide significant upside potential."
The Starlight and White Light gold lodes at Break of Day are located on the Company's 100% owned ground at its flagship
All intercepts reported in this current drilling program are outside the existing Break of Day resource estimate. The maiden resource for the Starlight and White Light lodes which will be incorporated into the resource update for Break of Day, is expected in late October, 2020.
To date a total of 66 RC holes and 17 diamond drill holes have been completed at Starlight and White Light with preliminary assay results now received for all holes. All new assay results and drill collars are shown in Tables 1a and 1b.
The Starlight and White Light mineralised gold lodes lie proximal to the existing Break of Day resource (Figure 2*) within separate southeast-northwest parallel mineralised zones approximately 75m apart. Significantly, all the intersections returned from Starlight and White Light sit outside the current resource estimate at Break of Day. Both lodes have a strike extent of over 100m and are open down plunge (Figure 2).
The mineralisation consists of quartz lodes hosted within a foliated and altered basaltic stratigraphic sequence and typically dips steeply to the south (Figures 3 and 4*).
The regional 12,000m aircore/RC drill program to test for Starlight analogues in the belt is progressing well. To date an estimated 11,000m of drilling over 12 of a planned 18 targets has been completed with first assays expected in October. The program is testing targets derived from geophysical, geochemical and geological data and focused on the potential for high-grade gold mineralisation on structures cross-cutting stratigraphy similar to that seen at Starlight.
Break of Day
The current resource estimate for the
This current resource estimate does not include any results from the new Starlight and White Light gold discoveries. The updated resource estimate incorporating these results is scheduled for October, 2020.
Evolution JV
- The Phase 2 aircore drilling program testing high-priority gold targets on
- A passive seismic survey to better estimate cover depths over prospective undrilled areas of
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/S99XSC1K
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