Pioneer drills further encouragement at Kalpini South

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THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) has received results from recent drilling conducted at the Kalpini South prospect, part of the company’s Acra gold project in Western Australia.

Pioneer completed seven RC holes for 1,027m at the Kalpini South prospect, which were carried out along strike from high-grade gold drill hits the company announced in April this year.

The company said two of the holes had encountered strong gold mineralisation, and have subsequently been used to interpret the strike and dip of mineralisation.

Two of the remaning holes encountered he right stratigraphy and anomalous, but sub-grade gold – and have been interpreted by the company to be near misses to the principal gold structures.

Pionerer has now delineated high-grade gold intersections over 100 metres of strike, with mineralisation remaining open in all directions.

Results included:

KSRC007: 11 metres at 3.77 grams per tonne gold from 94 metres within an intersection of 15 metres at 2.93 grams per tonne; and

KSRC010: 3m at 5.44g/t gold from 128m (this has been interpreted as a gold lode intersection) and 8m at 1.41g/t gold from 85m (interpreted as flank mineralisation to the principal gold-bearing structure).

 

Kalpini South project: Long Section showing drill hole
intercepts and potential for mineralisation down plunge of the current
mineralisation. Source: Company announcement

 

Pioneer said the latest high-grade hits at Kalpini South have complemented earlier drill holes (KSRC004 and KSRC005), which returned 10m at 6.38g/t gold from 61m, and 9m at 5.31g/t gold from 36m respectively.

Hole KSRC007 is located 50m to the southeast, and KSRC010 50m to the northwest along strike of these results.

Pioneer said it was encouraged by the spread of high tenor gold intersections as they occur at a range of depths, including:

5m at 12.06g/t gold from 61m, and 2m at 6.66 g/t gold from 101m;

8m at 5.76g/t gold from 36m;

6m at 6.01g/t gold from 99m; and

3 m at 5.44g/t gold from 128m.

“Significant intersections of gold mineralisation within fresh rock bodes well for the identification of potentially commercial tonnages of gold ore at depth,” Pioneer Resources said in its ASX announcement.

The company’s next phase of drilling will commence the drill-out of Kalpini South, with fences of holes, enacting a change in drilling azimuth.

At the Carmelia South prospect drilling will define the mineralisation orientation.

The first holes will be drilled at the Mountain Maid prospect, while at the Jubilee East prospect drilling will test for mineralisation continuity.

 

 

Email:
dcrook@pioresources.com.au

Website:
www.pioneerresources.com.au