Hits Shallow Gold Mineralisation In First Hole
Hawthorn Resources Limited (ASX:HAW) has already hit promising mineralisation in the early stages of the Stage 3 underground resource extension and evaluation drilling programme at its Trouser Leg Gold Project at Pinjin in Western Australia.
The Stage 3 programme consisting of a three hole, 1000m diamond core drill programme is located 200m south of the existing Underground Mineral Resource. Drilling of the first hole is nearing completion
Managing Director, Mark Kerr, said mineralisation was intersected at a vertical depth of 67m with multiple, stacked quartz veins evident to a depth of 123m and occurrences of visible gold.
He noted that the veins are of a similar style and geometry to the mineralisation evident from the recently completed Stage 2 drilling programme.
“Encouragingly, the mineralisation was intersected at a shallower depth than anticipated suggesting a shallower plunge to the system than previously observed or the presence of an additional high-grade shoot,” Mr Kerr said.
“The favourable geometry and depth of the extended mineralisation suggests that it may be accessible via low cost lateral development off a decline in the current mine design.”
The two remaining holes will target the system at depth with drilling expected to be completed by early July with assays due at the end of July.
At that point a decision will be made on whether to step out a further 200m, or to undertake infill drilling of the initial 200m extension with a view to increasing the existing Mineral Resource Estimate (MRE).
