Carpentaria Exploration confirms second gold zone at Advene

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THE DRILL SERGEANT: Carpentaria Exploration (ASX:CAP) has been encouraged by gold results it has received from rock chip and soil samples taken at the company’s 100 per cent-owned Advene gold project in New South Wales.

The Advene project is located in the central Lachlan Fold Belt, just 80 kilometres from the Cowal gold mine and 320km north-west of Canberra.

The company said a number of samples contained visible gold while results returned numbers of up to 204 grams per tonne gold in rocks and 0.63g/t gold in soil samples.

Carpentaria explained it had carried out the latest round of sampling to follow-up previous initial reconnaissance field work results, which had highlighted the potential for intrusion-related gold system-style (IRGS-style) deposits in a largely unexplored area of the belt.

The results were obtained during a systematic follow-up surveying of a mineralised zone Carpentaria had identified in October this year.

This second lode zone, named Josephine Moulder East (JME), is a parallel structure located 200m to the east of the known Josephine Moulder (JM) prospect.

 

Summary plan of the Josephine Moulder prospect area. Source: Company announcement

 

The JME zone remains untested by drilling.

Highlight results included four grab rock samples of quartz-sulfide vein spoil with occasional visible gold taken from a historical prospecting pit, JME-P5, located along the JME lode zone.

The weighted average grade for all four rock samples from JME-P5 (8 kg) was 94g/t gold and 109g/t silver.

As well as the results from JME-P5, Carpentaria also received good results 150m along strike to the south from an in-situ, approximately 20cm wide, milky quartz vein from the JME-P2 historical prospecting pit.

Highlight results include:

At JME–P5

204 g/t gold, 273 g/t silver;

104g/t gold, 100g/t silver;

71g/t gold, 56g/t silver; and

20g/t gold, 51g/t silver.

At JME–P2

32g/t gold, 172g/t silver.

“It is highly-encouraging and exciting to find such high grades in different locations at the surface and visible gold,” Carpentaria Exploration managing director Quentin Hill said in the company’s announcement to the Australian Securities Exchange.

“This discovery builds on the earlier results that extended the known mineralisation from the JM area.

“In JM and JME, we have now identified two parallel mineralised structures with very significant surface gold and silver results, each over 350 metres long and potentially 10 metres or greater wide, open to the south and with a known extension 1,000 metres to the north.

“Importantly for future economic considerations, the parallel zones are located approximately 200 metres apart and with potential for lower grade halos around these structures to be present.”

Email:
info@capex.net.au
 

Website:
www.capex.net.au