Regener8 Resources NL (ASX: R8R) has obtained promising exploration results from the Niagara West Phase 1 RC programme in Western Australia.
The programme consisted of 33 RC drill holes for 2,530 m, targeting extensions to historically mined gold in quartz veins at May, Derwent, Jarrahdale and Spinaway and quartz vein and shear hosted gold mineralization at Green Bullet.
The Niagara West project is part of Regener8’s Kookynie Gold Project centred in the historic Kookynie and Niagara gold mining districts which historically mined approximately 6.7kt of ore averaging 25.8g/t Au for 5,100oz Au between 1898 and 1914.
Regener8 completed an auger soil sampling program generating targets such as Green Bullet culminating in this maiden RC drilling programme to verify historic Au grades and test for extensions of the mineralized system.
“The results of Regener8’s maiden RC programme at Niagara West demonstrate successful outcomes of a systematic exploration approach using modern techniques,” Managing Director, Stephen Foley, said.
“We’re buoyed by the findings and are excited to see the extensions of mineralization open down dip and along strike at numerous targets surrounded by historical high grade hits.
The possibility of stacked mineralized structures in the Niagara area has been an ongoing hypothesis of geologists with knowledge of the district.
“Our observations and results from this maiden program are starting to suggest a strengthening possibility of occurrence, which further encourages future exploration for the prospect of a significant discovery.”
Next Steps
The maiden RC drilling programme at Niagara West represents the first test of a systematic exploration approach and programme by Regener8 with airborne geophysical surveys, regolith interpretation, geological and structural mapping as well as auger soil sampling to generate robust drilling targets.
The RC programme has achieved the outset goals of confirming high-grade historical gold intersections, down dip continuation of gold mineralization and the confirmation of previously undrilled or lightly drilled prospects at Derwent and Green Bullet.
Outstanding high-grade intersections at the May and Derwent prospects underscore the high-grade nature of gold mineralization at Niagara West. The down-dip continuity achieved at the eastern end of the May Prospect encourages further drilling programmes to explore further down dip and along strike at depth.
The high-grade gold intersection (highest grade achieved in this programme) at the eastern end of the Derwent Prospect and the general improvement in grade at Derwent from west to east, provides a vector to high grade gold mineralization at this prospect and will be used to plan further drill holes to test this mineralization.
The newly discovered Green Bullet prospect shows stronger alteration of silicification and pyrite mineralization associated with gold mineralization, which is interpreted as encouraging that wider gold intersections can be achieved. The association of some of the gold mineralization at Green Bullet with granitoid intrusions requires further investigation to determine the significance for the exploration model.
Over the coming months, Regener8 will be receiving further assays from multielement testing of selected samples within the programme, undertaking further analysis of the results, updating the geological model and developing next phase exploration programme to deliver effective value to the Kookynie Gold project.
For further information please visit: https://www.regener8resources.com.au/
