Gold exploration and development company Classic Minerals Limited (ASX. CLZ) has received positive assays results from its most recent RC and diamond drilling programme at its Forrestania Gold Project (FGP) in Western Australia.
The company completed a total of 16 holes for 1,653m at the Kat Gap project with the aim of improving/increasing known high-grade gold mineralisation.
CEO Dean Goodwin said the drilling results from Kat Gap continued to deliver with significant zones of gold mineralisation located on the granite- greenstone contact.
Mr Goodwin said the recent drilling at Kat Gap also showed that high-grade gold mineralisation projects down-dip and potentially down-plunge at depth and also along strike on the southern side of the Proterozoic dyke.
“This latest round of drilling has been extremely encouraging with high grade gold intersected at depth and along strike on the southern side of the Proterozoic dyke,” Mr Goodwin said.
“I’m very pleased with the deeper drilling as it’s starting to paint a picture for extensive mineralisation down plunge beneath our earlier shallow high-grade drill hits. It’s early days but it appears we may have a relatively flat shallow plunging system tied to the flattening of the main granite-greenstone contact. I’ve seen this type of structure before in the Forrestania area so it’s not surprising to see it at Kat Gap.
“We also drilled on the southern side of the Proterozoic dyke for the first time in over a year. It was great to see shallow high-grade gold on this side. There is no geological reason why the gold mineralisation shouldn’t be any different to the north side.
“Given only a small number of holes have been drilled on the south side of the dyke to date, these new results are extremely encouraging and clearly demonstrate the great potential the system has. If these ore-grade zones continue further south as far as they do north, then we could be looking at strike lengths in-excess of 800-900m.
“The next stages for Kat Gap are to continue RC drilling programmes extending the known mineralised zone further north and south from our current drilling area. We have neglected the southern strike potential south of the Proterozoic dyke.”
Mr Goodwin said the next RC programme will focus not only on the northern strike but also the southern strike potential for at least 100m to 200m.
“If we have similar numbers south of the dyke, then we could be looking at something really special with strike lengths in-excess of 900m in total. Deeper step out holes will also be drilled around the most recent holes on the northern side of the dyke to gain a better understanding of the potential extent of the flat plunging system.
Classic drilled a total of 16 RC holes for 1,653m at Kat Gap with most holes returned gold mineralisation striking in a northwest-southeast direction. The drilling has further extended the down dip coverage and has shown high grade gold mineralisation on the south side of the Proterozoic dyke. Mineralisation is open in all directions.
Twelve RC holes FKGRC128 – FKGRC137 for a total of 1,333m were drilled. Better results from these holes include:
- 7m @ 3.37g/t Au from 104m in FKGRC128.
- 5m @ 6.53g/t Au from 108m including 1m @ 11.60g/t Au from 112m in FKGRC129.
- 5m @ 5.89g/t Au from 125m including 1m @ 15.60g/t Au from 127m in FKGRC130.
- 1m @ 16.00g/t Au from 93m in FKGRC132.
- 3m @ 13.18g/t Au from 143m including 1m @ 27.80g/t Au from 144m in FKGRC133.
- 10m @ 5.13g/t Au from 87m including 1m @ 20.50g/t Au from 87m in FKGRC134.
- 1m @ 26.10g/t Au from 127m in FKGRC136
- 6m @ 7.53g/t Au from 100m including 1m @ 32.90g/t Au from 104m in FKGRC137.
Importantly, Kat Gap is strategically located approximately 70km south-south east of the company’s Forrestania Gold project containing the Lady Magdalene and Lady Ada gold resources.