Cavalier Resources Limited (ASX: CVR) has announced assay results from its second RC drill programme at the Crawford Gold Project, which the company designed to test recently discovered mineralized structures and conceptually test the first round of geophysical targets generated by a recent drone magnetic survey of the area.
“Assay results from the near-resource holes at Crawford are promising. This latest round of drilling continues to strengthen the likelihood of further strike extensions to the current resource, with the new northern corridor and the southeast resource areas being of particular interest. In the north, further significant fresh-rock intercepts between the resource and the Miranda target suggest a deeper new mineralised corridor target of over 500m that bears resemblance to the recently discovered sub-vertical structure located at the southern end of the resource area.” Said Daniel Tuffin, executive technical director.
Follow-up drill holes on the northern Miranda target area have confirmed mineralization continuity on the structure to the northeast and southwest, providing further evidence to support a new ~500m target corridor of mineralization north of the current Crawford resource and connecting to the Miranda target. Further work is now required to test potential mineralisation extensions of the resource along the northern corridor and to the southeast, where heavy rain cancelled drilling of the southern subvertical holes, as well as testing of the remaining near-resource geophysical targets upon review.
Drilling completed on the northern most extents of the current resource area successfully intercepted the best mineralisation of this 2023 programme (23CFR0009).
This new mineralization, which steps north towards the Miranda area, returned with:
- 11m at 2.85g/t Au from 71m, including
- 2m at 5.12g/t Au from 71m, and
- 1m at 8.64g/t Au from 81m
Several holes drilled at the Miranda target intercepted a mix of results with some drill holes not intercepting mineralization. This provided significant insight on the geometry of mineralization in this area, which is now thought to be represented by at least two narrow, steeply dipping to sub-vertical 1-5m wide zones.
Where mineralization was intercepted, primarily in drill hole 23CFR0002, a 50m step out hole to the north, results returned with:
- 4m at 0.85g/t Au from 26m, including:
- 1m at 2.31g/t Au from 28m
- 5m at 1.08g/t Au from 77m, including:
- 1m at 3.07g/t Au from 81m
- 1m at 1.35g/t Au from 93m
“This is significant in that a large portion of the current resource consists of gold-enriched shallow oxides. These deeper structures may have played a part in the creation and control of the supergene area. Importantly, both fresh-rock structures remain open along strike and at depth, indicating further potential to increase the size of the resource. Unfortunately, the exploration programme was cut short due to heavy rain, and as a result, the planned drilling of southern sub-vertical holes could not be completed during this round.” Added Daniel.
To find out more, please visit www.cavalierresources.com.au