HIGHLIGHTS:
- Major new base metal drilling programme underway at Carlow Castle designed to significantly increase JORC 2012 resource.
- Best reverse circulation (RC) and diamond drill intersections include:
- 6.5m @ 23.44g/t Au, 2.32% Co and 10.35% Cu from 47m (18CCAD009)
- 4m @ 7.92g/t Au, 0.56% Co and 1.11% Cu from 62m (ARC082)
- 5m @ 2.06g/t Au, 0.45% Co and 0.73% Cu from 61m (ARC098)
- 13m @ 4.96g/t Au, 0.39% Co and 1.47% Cu from 62m (ARC096)
- 26m @ 1.81g/t Au, 0.13% Co and 0.53% Cu from 39m (18CCAD007) including 9m @ 2.91g/t Au, 0.31% Co and 0.55% Cu from 39m
- 20m @ 1.58g/t Au, 0.15% Co and 0.21% Cu from 7m (ARC099)
- 16m @ 2.14g/t Au, 0.15%Co and 0.55% Cu from 32m (18CCAD002
- 10m @ 1.78g/t Au, 0.13% Co and 1.71% Cu from 92m (18CCAD001) and 9m @ 2.74g/t Au, 0.01% Co and 0.71% Cu from 105m (ARC091)
- 40m @0.83g/t Au, 0.06% Co and 0.38% Cu from 47m (18CCAD004) including 2m @ 3.08g/t Au, 0.07% Co and 0.52% Cu from 47m
- 19.9m @ 1.23g/t Au, 0.05% Co and 0.74% Cu from 3.1m (18CCAD002)
- 6m @ 2.92g/t Au, 0.04% Co and 0.76% Cu from 59m(18CCAD009)
- Diamond drilling has provided samplesfor geotechnical and metallurgical testwork.
- Carlow Castle is ? 35km by gazetted roads from the Company’s 100% owned Radio Hill processing plant.
“These latest shallow cobalt, gold and copper assays from Carlow Castle are outstanding by any measure.
The mineralisation remains open along strike and at depth and as such the drilling programme will be expanded to further test this growing resource.”
On 31 January 2018 the company announced a JORC 2012 compliant Indicated and Inferred resource for Carlow Castle of 2.3 Mt @ 1.3 g/t Au, 0.11% Co, 0.5% Cu and 1.6 g/t Au (within a global resource of 4.5 Mt @ 0.9g/t Au, 0.07% Co, 0.4% Cu and 1.3 g/t Ag – at a 0.05% Co cut-off grade).
The current drill programme is targeted at infill drilling to increase resource definition and has continued to generate excellent gold, copper and cobalt assay results (see Appendix A). Figure 2 depicts the drill plan for Carlow Castle with Figures 3 and 4 representing 2 sections through the orebody.
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