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Major Gold Discovery in New Brunswick: Puma Exploration Drills 5.55 g/t Au over 50.15 meters* on initial drilling at Williams Brook Gold Property

RIMOUSKI, Quebec, Sept. 15, 2021 — Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is pleased to announce results from the six (6)…

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This article was originally published by Inside Exploration

RIMOUSKI, Quebec, Sept. 15, 2021 — Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is pleased to announce results from the six (6) initial drill holes completed at its flagship Williams Brook Gold Project located in New Brunswick, the emerging new gold district of Atlantic, Canada.

Discovery hole WB21-02 intersected 5.55 g/t Au over 50.15 meters from surface. The mineralized and altered zone drilled includes two main high-grade intercepts of 9.88 g/t Au over 8.60 meters and 46.94 g/t Au over 3.85 meters. All the six (6) first holes intersected significant high-grade gold quartz veins and quartz networks within the altered and mineralized rhyolite (see Table 1 for significant drill results).

https://www.nxtmine.com/wp-content/uploads/2021/09/cb2f7dc6da4f52f3e627b1ba6052b09a-scaled.jpg
Figure 1: Inaugural Drilling Program at Lynx Gold Zone of the O’Neil Gold Trend 
Added Figure 1 – Lynx Zone Vein Sets (Left side is the Vein set targeted in the inaugural drill campaign)
Added Figure 2 – Drill hole collars from holes WB21-01 and WB21-02

Table 1. Significant Drill Results at the Lynx Gold Zone

Hole IDFrom (m)To (m)Lenght (m)Au (g/t)
WB21-014,0029,6025,601,30
incl.4,009,405,405,10
incl.4,006,102,1012,71
and16,5017,000,502,17
and29,4029,600,209,81
WB21-020,0050,1550,155,55
    
incl.7,2015,808,609,88
incl.7,2010,203,008,33
and13,7015,802,1028,52
    
21,0022,001,002,89
29,0030,001,001,84
31,4533,001,553,77
36,2037,401,200,45
    
incl.45,6049,453,8546,94
incl.45,6046,601,0069,90
and47,6049,451,8559,68
WB21-0320,5558,1037,550,55
incl.20,5521,651,102,78
and46,0058,1012,101,47
incl.55,9058,102,207,81
WB21-0413,7518,905,150,26
13,7514,350,601,10
88,0088,500,500,40
    
138,30143,805,500,95
incl.140,50141,501,002,84
WB21-0512,0038,4026,401,00
incl.26,0038,4012,402,08
incl.26,0028,002,0012,64
WB21-061,5050,2048,701,16
    
incl.29,0049,7020,702,73
incl.31,8034,502,701,92
and36,0037,601,601,25
and46,8049,702,9016,92
incl.46,8048,301,5024,66

* Stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.

Added Figure 3 – Cores from Surface in Drill hole WB21-02
Added Figure 4 – 47 m down hole in hole WB21-02 (Previously reported VG)

All 18 drill holes completed to date, testing the Lynx Zone have intercepted the mineralized and altered rhyolite unit. Drill core from 12 other holes has been sent to the lab and assays are pending. Following these excellent drill results, the company has recently decided to increase its planned campaign to 10,000 meters, up from the initial 2,000 meters.

Marcel Robillard, President and CEO, stated: “We are all very excited about the initial assay results as they have far exceeded our expectations, especially with WB21-02 returning a metal factor of 278. The drilling is validating the representativity of the high-grade gold samples collected at surface and the continuity of the mineralization at depth and laterally. The additional results should improve our model as we continue to better understand the geometry of the mineralized envelope along this segment of the O’Neil Gold Trend (OGT), that remains open.”

Added Figure 5 – CEO, Marcel Robillard showing us a piece of core containing multiple specs of VG

“The drill results, announced today, clearly demonstrates the tremendous gold potential of our Williams Brook Gold Project and confirms the appearance of a new gold district in New Brunswick, a mining friendly jurisdiction of Atlantic. Canada. It is no surprise that our technical team is anxious to begin the second phase of drilling to further test the easily accessible OGT and the other first priority targets,” added Mr Robillard.

Added Figure 6 – PUMA exploration Geologists Dominique Gagne and Alain Hupe
https://www.nxtmine.com/wp-content/uploads/2021/09/a08f1b80deb3dee093ecab6d07da7c52-scaled.jpg
Figure 2: The O’Neil Gold Trend Selected Grab** Samples Collected at Surface 

** Selected rock grab samples are selective by nature and may not represent the true grade or style of mineralization across the property.

“It is really exceptional to make such a great gold discovery in such a short period of time and with a limited exploration budget. This is the result of the dedicated hard work of all the professionals working with Puma,” commented Réjean Gosselin, Executive Chairman of the company.

SIGNIFICANT POSITIVE OBSERVATIONS FROM THE INITIAL DRILLING RESULTS:

  • The gold mineralisation starts at surface:
    • WB21-01 intersected 1.30 g/t Au over 25.60 meters from 4.00 meters
    • WB21-02 intersected 5.55 g/t Au over 50.15 meters from surface (0m)
    • WB21-05 intersected 1.16 g/t Au over 48.70 meters from 1.50 meters
  • The high-grade samples collected at surface are representative of the mineralization at depth:
    • WB21-01 intersected 50.0 g/t Au over 0.50 meters
    • WB21-02 intersected 59.68 g/t Au over 1.50 meters
    • WB21-03 intersected 23.10 g/t Au over 0.65 meters
    • WB21-05 intersected 16.07 g/t Au over 1.10 meters
    • WB21-06 intersected 44.74 g/t Au over 0.70 meters
  • Significant mineralized and altered thickness intersected:
    • WB21-01 intersected 1.30 g/t Au over 25.60 meters
    • WB21-02 intersected 5.55 g/t Au over 50.15 meters
    • WB21-03 intersected 1.47 g/t Au over 12.10 meters
    • WB21-05 intersected 1.00 g/t Au over 26.40 meters
    • WB21-06 intersected 1.16 g/t Au over 48.70 meters
  • The high-grade surface mineralization is extending at depth:
    • WB21-02 intersected 59.68 g/t Au over 1.50 meters from 47.60 meters
    • WB21-03 intersected 23.10 g/t Au over 0.65 meters from 56.85 meters
    • WB21-04 intersected 2.84 g/t Au over 1.10 meters from 140.50 meters
    • WB21-06 intersected 44.74 g/t Au over 0.70 meters from 47.60 meters
  • The gold mineralisation is extending in the sediments:
    • WB21-04 intersected 1.92 g/t Au over 0.70 meters from 16.80 meters
    • WB21-04 intersected 2.84 g/t Au over 1.00 meters from 140.50 meters

INAUGURAL DRILLING PROGRAM AT WILLIAMS BROOK GOLD PROJECT

As planned, a total of 18 holes were completed for 2,360 meters (see Table 3). The NQ core oriented maiden drill program was conducted to test a segment of the 700-meter-long O’Neil Gold Trend (OGT), part of the Williams Brook Gold Project. The OGT shows a distinct 7-kilometer-long magnetic signature highlighted by the 2021 detailed VTEM airborne survey.

https://www.nxtmine.com/wp-content/uploads/2021/09/c5341f7b283dc5433481f5a5dbb5bb19-scaled.jpg
Figure 3: 2021 Detailed VTEM Airborne Survey Showing Distinct Magnetic Signature 

The drilling program was designed to better understand the spatial geometry of the mineralized envelope and discover any new potential high-grade zones extending at depth. It was planned with the support of Terrane Geoscience Inc. who completed, earlier this summer, a study of the alteration pattern and structural analysis of the main vein.

The holes were oriented to intersect the down-dip projection of significant high-grade gold vein networks exposed at surface in trenches and in stripped areas at the Lynx Gold Zone along the O’Neil Gold Trend (OGT).

Table 3. Technical Information About the Drill Holes Released

Hole IDUtm XUtm YOrientationAngleLenght (m)
WB21-016602645259318N155º-45 º134
WB21-026602645259318N155º-45 º140
WB21-036602525259345N155º-45 º80
WB21-046602525259345N155º-45 º170
WB21-056602745259322N155º-45 º107
WB21-066602735259322N155º-45 º152

CORE OBSERVATIONS

Each of the 18 diamond drill holes show consistent mineralization and pervasive alteration over core length varying between 10 m to 75 m starting at surface. The main features observed included: abundant quartz veins and large network of quartz veinlets showing pervasive sericite and iron alteration. Disseminated sulphides and oxides (galena, chalocopyrite, pyrite, sphalerite, stibinite, bornite, covellite, tetrahedrite and malachite) were also present within the strong alterated intervals and within quartz veins. Visible Gold (VG) was observed in many holes. The veins are granulars, drusics, and sometimes massive within the altered porphyric rhyolite in contact with the sediments. The sediments are composed of altered siltstone interbed with mudstone.

https://www.nxtmine.com/wp-content/uploads/2021/09/3eded4a5973c837332dc4c3361f85540.jpg
Figure 4: High-Grade Gold Core from WB21-02
Added Figure 7 – Hole WB21-02 split core in core box
Added Figure 8 – Significant alteration and fluid mobilization can be observed throughout the core lengths

Drilling ended August 20th, 2021, with 18 holes totaling 2,360 meters having been completed. The average depth per hole ranged between 58 to 242 meters. Final core logging and sampling is completed with the samples of all the holes sent to the laboratory for assaying. Once received, assay results will be compiled, interpreted and then released on a timely basis.

CURRENT WORK
The technical team is on site to proceed with trenching and stripping operations to extend the favorable contact between the altered rhyolite and the sediments along the entire O’Neil Gold Trend. A large grab sampling program with detailed mapping of the favourable contact is in progress. A permanent crew with one excavator moves forward with exploration trenches in the entire area. Drill pads for the next core oriented drill campaign are also being prepared.

Added Figure 9 – Arial view of Chubby and Lynx outcrops uncovered through the 2021 stripping program

O’NEIL GOLD TREND (OGT)
The O’Neil Gold Trend (OGT) is a pervasive altered and brecciated rhyolite unit hosting significant gold showings and occurences followed by trenching over a strike length of 700 meters. The geophysical signature of the OGT is expressed over 7km. The favourable unit (rhyolite) is similar and parallel to the structures hosting the “Williams 1” and “Williams 2” Gold Zones.

These trends are interpreted to be related to a major rifting in the New Brunswick Geological events and could represent a low sulphidation epithermal gold system. Along the OGT, the width of the rhyolite varies from 5 to 250 meters with an average apparent thickness of 150 meters.

High-Grade Selected Grab Samples Assays on the Prolific O’Neil Gold Trend (OGT)*:

O’Neil Gold Zone (VG**):   128.5 g/t Au, 44.4 g/t Au, 38.8 g/t Au, 32.8 g/t Au, 23.1 g/t Au
Pepitos Gold Zone (VG**): 52.1 g/t Au, 16.1 g/t Au, 15.0 g/t Au, 13.1 g/t Au, 4.87 g/t Au
Lynx Gold Zone (VG**): 241.0 g/t Au, 79.8 g/t Au, 74.2 g/t Au, 63.5 g/t Au, 58.4 g/t Au
Chubby Zone Area: 3.5 g/t Au, 1.2 g/t Au, 1.2 g/t Au, 0.45 g/t Au
Moose Gold Zone: 2.4 g/t Au, 2.1 g/t Au, 1.3 g/t Au, 1.1 g/t Au

* Selected rock grab samples are selective by nature and may not represent the true grade or style
** VG: Visible Gold

Added Figure 10 – Grab Sample from Pepitos

QUALIFIED PERSONS
Dominique Gagné, PGeo, independent qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed and approved the geological information reported in this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Mr. Gagné is independent of the Company.

QUALITY ASSURANCE/QUALITY CONTROL (QA/QC)
Rock samples were bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New Brunswick where each sample is dried, crushed, and pulped. The samples were crushed to 70% less than 2mm, riffle split off 1kg, pulverise split to better than 85% passing 75 microns (Prep-31B). A 30-gram subsplit from the resulting pulp was then subjected to a fire assay (Au-ICP21). Other screen sizes available. Duplicate 50g assay on screen undersize. Assay of entire oversize fraction.

ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian-based mineral exploration company with precious and base metals projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. Great efforts will be made by the Company in the coming years to deploy its DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum value for shareholders with low shares dilution.

You can visit us on Facebook / Twitter / LinkedIn
Learn more by consulting www.explorationpuma.com for further information on Puma.
Marcel Robillard, President, (418) 750-8510; president@explorationpuma.com

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.

Articles

ASX Small Cap Lunch Wrap: Who’s outperforming Warren Buffett today?

A hamster in the US has a portfolio up by around 20% since June, outpacing the S&P500 and Warren Buffett’s … Read More
The post ASX Small Cap Lunch…

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Ever wished you were as rich as Warren Buffett?

Or perhaps more accurately; sometimes feel like you’re just a hamster running on a wheel?

Some enterprising crypto investors have made that idea work for them, with a unique hamster-based investment strategy.

According to reports, the hamster — Mr Goxx — dutifully runs on his wheel and in doing so, also selects from a range of different cryptocurrencies.

The wheel is uniquely designed for Mr Goxx to choose one of two tunnels, which indicate buy or sell.

And apparently his portfolio is up by around 20% since June, outpacing the S&P500 and Warren Buffett’s Berkshire Hathaway.

So if your fundamental analysis of ASX small caps isn’t bringing returns, there are options…

Elsewhere, the idyllic, resource-rich locale of Perth, Western Australia, has been run over by some rampant demons following Melbourne’s AFL Grand Final victory on Saturday night.

208cm ruckman Max Gawn stayed in game-shape following the financial siren, taking hangers while still dressed in his match guernsey:

On markets, ASX futures markets suggested the local index was going to edge higher (maybe) before the opening bell, but local stocks have beaten expectations as upbeat sentiment permeates through Monday trade.

Just after 12pm EST the ASX 200 was on track for a gain of around 1%, with steady demand across all the major sectors.

Energy stocks kept the ball rolling after last week’s big rally, and the ASX 200 Energy index has now climbed by an impressive 10.6% since last Monday’s selloff.

Brent crude oil is trading at three-year highs above US$78 a barrel, as consensus around a global energy supply crunch continues to build.

Along with the ASX, positive sentiment extended across Asian markets with steady gains across the other major indexes including the Hang Seng (home of Evergrande) which rose by more than 1%.
 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for Monday September 27 [intraday]:

Stocks highlighted in yellow made market-moving announcements.

Code Name Price % Change Volume Market Cap
NTL New Talisman Gold 0.002 100.0% 1,184,051 $2,792,225
ANL Amani Gold Ltd 0.0015 50.0% 3,911,521 $14,205,197
RRR Revolverresources 0.43 38.7% 2,941,576 $25,380,460
RBX Resource B 0.28 36.6% 5,717,568 $6,959,255
DDD 3D Resources Limited 0.004 33.3% 125,305 $11,641,116
OAK Oakridge 0.002 33.3% 1,080,116 $5,158,939
ARR American Rare Earths 0.22 22.2% 4,175,115 $62,065,499
ARU Arafura Resource Ltd 0.235 20.5% 21,478,573 $302,239,730
AO1 Assetowl Limited 0.006 20.0% 155,000 $4,081,026
RBR RBR Group Ltd 0.006 20.0% 1,030,125 $6,409,900
AJL AJ Lucas Group 0.038 18.8% 966,220 $38,281,172
POW Protean Energy Ltd 0.013 18.2% 1,476,795 $7,156,743
IMC Immuron Limited 0.165 17.9% 937,744 $31,814,523
IXC Invex Therapeutics 0.8 17.6% 237,582 $51,104,617
LEL Lithenergy 0.695 16.8% 3,327,351 $26,775,000
GGX Gas2Grid Limited 0.0035 16.7% 2,054,000 $12,138,306
PEB Pacific Edge 1.52 16.0% 139,756 $955,265,080
POL Polymetals Resources 0.145 16.0% 31,562 $4,852,907
TBA Tombola Gold Ltd 0.044 15.8% 1,546,928 $24,103,240
OZM Ozaurum Resources 0.15 15.4% 292,127 $7,438,080
HWK Hawkstone Mng Ltd 0.046 15.0% 22,265,624 $68,793,777
BMR Ballymore Resources 0.25 14.0% 20,000 $15,725,178
AVL Aust Vanadium Ltd 0.025 14.0% 5,913,983 $72,178,161

 

Recent ASX debutante Resource Base (ASX:RBX) is getting into the rare earths game, where a number of other ASX juniors are running hot.

The company announced that its snapped up 1,380sqkm of ground in the Murray Basin, which is prospective for ionic clay hosted Rare Earth Elements (REE).

Elsewhere among stocks with news, biopharmaceutical company Invex Therapeutics (ASX:IXC) jumped by around 20% after announcing a long-term Collaboration and Manufacturing Agreement with Peptron Inc — a company listed on the Korean Stock Exchange.

The deal will see Peptron use Presendin — IXC’s treatment for neurological conditions relating to raised intracranial pressure — in clinical trials and for commercial use, once Presendin is approved.

The agreement is “exclusive, applies globally and provides a defined price per dose for the supply of Presendin for clinical studies, and for the first ten years following the first commercial sale,” IXC said.

Get the wrap of the rest of today’s resources winners here.
 

ASX SMALL CAP LOSERS

Here are the best performing ASX small cap stocks for Monday September 27 [intraday]:

Stocks highlighted in yellow made market-moving announcements.

Code Name Price % Change Volume Market Cap
AJY Asaplus Resources 0.04 -33.3% 20,000 $8,160,000
ACB A-Cap Energy Ltd 0.085 -26.1% 2,448,518 $100,266,760
NPM Newpeak Metals 0.0015 -25.0% 992,527 $13,654,870
BDC Bardoc Gold Ltd 0.045 -21.1% 28,783,076 $98,909,670
EN1 Engage:Bdr Limited 0.004 -20.0% 1,999,249 $12,764,763
YPB YPB Group Ltd 0.002 -20.0% 100,000 $12,479,551
AEE Aura Energy 0.21 -17.6% 2,317,954 $101,784,941
SCN Scorpion Minerals 0.052 -14.8% 108,000 $15,800,903
CUL Cullen Resources 0.018 -14.3% 1,368,921 $7,852,271
EVE EVE Investments Ltd 0.0035 -12.5% 2,082,615 $15,372,568
TOE Toro Energy Limited 0.029 -12.1% 37,032,041 $128,612,292
OZZ OZZ Resources 0.19 -11.6% 212,469 $5,795,674
WFL Wellfully Limited 0.155 -11.4% 915,577 $36,718,582
VMY Vimy Resources Ltd 0.1775 -11.3% 4,532,779 $210,299,732
EL8 Elevate Uranium Ltd 0.56 -11.1% 777,573 $143,780,897
RD1 Registry Direct 0.033 -10.8% 184,545 $13,037,813
AGE Alligator Energy 0.068 -10.5% 42,201,863 $212,357,592
LME Limeade Inc. 0.71 -10.1% 17,193 $197,294,227
AGR Aguia Res Ltd 0.046 -9.8% 98,089 $17,031,064
PEN Peninsula Energy Ltd 0.23 -10.0% 6,774,820 $253,984,637
BBX BBX Minerals Ltd 0.19 -10.0% 365,091 $96,184,510
AMO Ambertech Limited 0.29 -9.0% 208,389 $24,622,932
COD Coda Minerals Ltd 0.79 -9.0% 69,456 $79,566,922

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Energy & Critical Metals

LEL reckons its Burke graphite deposit suited for lithium battery applications

Special Report: Lithium Energy’s teamed up with CSIRO for optimisation testwork for its Burke graphite project in Queensland. … Read More
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Lithium Energy’s teamed up with CSIRO for optimisation testwork for its Burke graphite project in Queensland.

The research agreement with CSIRO covers further testwork, including attempting spheronisation and purification of the natural graphite particles.

Essentially, the graphite is shaped into ‘potato-like’ structures with the objective of easier processing of Burke natural graphite flakes into electrode materials to reduce capacity losses and enhance cell efficiency.

The idea is to demonstrate to potential graphite purchasers the benefits of the natural flake graphite within the deposit.

The project will be 50% funded by the CSIRO Kick-Start Program and is expected to take four months to complete.

Lithium Energy (ASX:LEL) is confident the deposit presents an opportunity to cater to the growth in demand for graphite in lithium-ion batteries.

Encouraging electrical storage capacity

Burke has a JORC inferred mineral resource of 6.3 million tonnes at 16.0% Total Graphitic Carbon (TGC) for 1,000,000 tonnes of contained graphite – including a high-grade component of 2.3 million tonnes at 20.6% TGC.

Its high grade and low impurities make it particularly attractive for use in lithium-ion batteries.

In previous test work, Burke graphite cells had generally higher levels of capacity compared with control coin cells when repeatedly (50 times) charged and discharged over a 10-hour cycle time.

The company considered this electrical storage capacity highly encouraging and it was the driving force to undertake the further testwork required by battery manufacturers looking to acquire graphite for use in their battery manufacturing operations.

Pic: Total Graphite Content (TGC) comparison of ASX listed company graphite projects

Potential offtake partners

The company is planning to re-engage with Chinese and Japanese parties who have previously expressed a strong interest in the graphite from the Burke Project.

Lithium Energy said that companies in China are increasingly looking outside of the country for stable supplies of high-quality graphite concentrate – due to increasing environmental concerns as well as grades being typically lower in the country.

Once the latest round of testwork is complete, the company will pursue discussions with the aim of forming binding commercial off-take and development agreements.

 


 

 

This article was developed in collaboration with Lithium Energy Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

 

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Articles

Miramar’s Randalls gold project ripe for discovery

Special Report: Allan Kelly-led explorer Miramar Resources has been granted ground containing the ‘Randalls’ project, adjacent to Silver Lake Resources’…

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Allan Kelly-led explorer Miramar Resources has been granted ground containing the ‘Randalls’ project, adjacent to Silver Lake Resources’ 1.5Moz Mt Belches gold operations in the Eastern Goldfields of WA.

Purchased as part of the Miramar (ASX:M2R) IPO in October 2020, Randalls covers extensions to the mineral-rich Banded Iron Formation (BIF) that hosts the high-grade Maxwell’s, Cockeyed Bob, Rumbles and Santa gold deposits operated by Silver Lake Resources.

Several high-grade results have also been returned from rock chip sampling of BIF at the Pryde and Logan prospects along strike, which were recently acquired by Horizon Minerals.

Despite the proximity to these deposits, the BIF has been relatively poorly explored within Miramar’s tenement, especially the fold hinges which are generally considered prime targets for BIF-hosted gold mineralisation.

Historical exploration comprised a limited series of shallow drill holes which did not test the obvious fold hinge positions — generally considered prime targets for BIF-hosted gold mineralisation — within the northern half of the tenement.

Gold assays are not reported in open file reports for a number of these holes.

Furthermore, surface sampling is likely to have been ineffective across a significant portion of the tenement “due to the presence of a north-south trending drainage system and associated sheetwash material”.

Proposed exploration at Randalls

Miramar has kicked off planning for initial work at Randalls, which will include compilation of all relevant historic drilling and geochemical data followed by aircore and/or RC drill testing of key targets.

Miramar’s initial focus will be on drill testing the obvious fold-hinge targets with aircore and/or RC drilling.

Miramar exec chairman Allan Kelly says the company was excited to be able to commence exploration on the third of its highly prospective Eastern Goldfields projects.

“Our strategy in the Eastern Goldfields was to acquire under-explored gold projects within close proximity to existing mining and/or processing facilities,” Kelly says.

“Randalls definitely fits the bill, with a lack of any systematic exploration of a mineralised BIF along strike from multiple existing high-grade gold operations and with a haul road crossing the project.”

 


 

 

This article was developed in collaboration with Miramar Resources, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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