Greenstone Resources Hits Shallow High-Grade Gold Intercept at Burbanks
THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) reported a big gold hit from the company’s Burbanks gold project outside Coolgardie in Western Australia.
Greenstone Resources declared a Phase-1 drill campaign it has underway had already returned multiple high-grade drill intersections at Burbanks, including:
BBRC371D
7 metres at 57.84 grams per tonne gold from 90m, including 1m at 375g/t gold from 90m;
BBRC373D
3m at 4.18g/t gold from 17m, including 1m at 10g/t gold from 19m; and
BBRC371D
2m at 5.88g/t gold from 38m.
“We are highly encouraged by the first results from the Phase-1 drill campaign at Burbanks, having returned multiple high-grade intercepts in the first holes drilled which are in line with the historical underground production grades from the Burbanks gold project of 324,000 ounces at 22.7 grams per tonne gold,”Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.
“Furthermore, with BBRC371D having returned 1 metre at 375 grams per tonne gold, serves to place the Burbanks gold project in the top ten gold intercepts for predevelopment projects in Western Australia for 2022.
“Importantly these most recent intercepts serve to highlight the potential to significantly increase the resource base at Burbanks over the coming months through the completion of the 10,000 metre Phase-1 drill campaign which is targeting the unclassified mineralisation supporting the Exploration Target.
“Following the completion of the Phase-1 drill campaign in March 2023, we look forward to testing the broader strike and depth extensions at Burbanks, which remain open in all directions and are not included in the existing Resource or Exploration Target.”
TO READ THE FULL ANNOUNCEMENT:
Web: www.greenstoneresources.com.au
