Reconnaissance Drilling Programme Now Complete In South Australia
Renascor Resources Limited (ASX: RNU) has significantly extended the known gold mineralisation with its completed reconnaissance drilling at the Soyuz Prospect in South Australia’s Central Gawler Craton.
Drilling has extended the gold mineralised system approximately 400m further south to over 800m and 500m in an East-West direction. The drilling-defined gold envelope coincides with the soil gold anomaly defined by the recent soil geochemical survey.
Managing Director, David Christensen, said the results confirm the presence of a broad system of gold mineralisation, with multiple, possible sub- vertical, low level gold shoots, following the granite contact, within an amphibolite / granite host sequence.
The project area contains multiple gold anomalies defined by soil gold geochemistry, with drill-testing generally limited to Soyuz. The widespread presence of gold mineralisation at Soyuz suggests potential for these gold in soil geochemical anomalies to offer targets for further evaluation.
A total of 1,896m of reverse circulation drilling was completed comprising fourteen holes varying in depth from 84m to 162m. The drill programme focused on identifying potential extensions to previous high-grade drill intercepts and an induced polarisation (IP) chargeability anomaly defined by a co- incident IP/gold and multi-element REE anomaly. Holes were drilled along three 200m spaced East- West lines on 50m spacing, on a 50m x 200m grid.
Drilling intersected widespread gold mineralisation, with thirteen of fourteen holes returning intervals of gold mineralisation (>0.1 g/t Au). Drilling results include significant gold intersections proximate to previous high-grade gold intercepts, including:
• 11m @ 0.9 g/t (21SZRC010, 143m to 154m), including 4m @ 2.0 g/t (145m to 149m) and 1m @ 3.3 g/t (148m to 149m), approximately 100m vertically below previous intersection of 2m @ 16.4 g/t (SZRB006, 30m to 32m);2
• 2m @ 2.0 g/t (21SZRC010, 79m to 81m); and
• 1m @ 2.6 g/t (21SZRC012, 74m to 75m).
Further exploration will be required to delineate the size and continuity of gold mineralisation and potential for economic gold deposits within the areas drilled in the recent program, as well as gold in soil geochemical anomalies along the granite boundary to the south-west, which have not yet been drill tested.
Renascor’s next step activities will include infill soil sampling and further evaluation of priority targets within the anomalous gold zones at Soyuz and in the wider Carnding project area.