Visible Sulphides And Silica Alteration Encountered
Rincon Resources Limited (ASX:RCR) has identified seven high priority targets associated with shears known to host gold mineralisation in the results of the VTEM geophysical surveys completed over the company’s south-eastern tenement areas at its wholly owned South Telfer Gold-Copper Project located in the Paterson Province, Western Australia.
Hasties Prospect Drilling Update
Rincon’s maiden RC drilling programme at the Hasties Prospect is now complete. A total of 27 holes for 4,944m were completed and all samples have been sent to the assay laboratory with final results expected within 4-6 weeks.
The programme successfully tested the Hasties and Hasties South-East targets with significant zones of silicification and brecciation with abundant quartz and visible sulphides observed.
CEO, Gary Harvey, said the company is highly encouraged by the geology observed in the Phase 1 drilling, and will now progress to its 5,000m Phase 2 extensional RC and diamond drilling programmes, scheduled to commence late October 2021.
Statutory approval has just been received from the WA Department of Mining, Industry Regulation and Safety (DMIRS), and the company is set to commence a Heritage Clearance survey in the coming weeks.
The Phase 2 drilling programme aims to expand the size and scale of the mineralised system at the Hasties Prospect, including testing a deep conceptual target located 300m below the Hasties Prospect.
“We are very pleased that our maiden RC drilling programme at the Hasties Prospect is now complete ahead of schedule and with assays pending, we are now preparing to commence our Phase 2 RC and diamond drilling programme following recent statutory approvals,” Mr Harvey said.
“This Phase 2 programme will begin as soon as Heritage Clearance is received and will test extensional gold targets along strike and at depth below the Hasties Prospect.
“We are also excited with the results of VTEM geophysical surveys completed earlier this year over the south-eastern tenement areas at the Company’s South Telfer Gold-Copper Project. The VTEM surveys have identified multiple new gold targets.
“This is going to keep Rincon very busy with our quest to discover the next gold-copper deposit in the Paterson Province.”
For further information please visit: https://www.rinconresources.com.au/