Gold Anomaly excited by Crater Mountain drilling

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THE DRILL SERGEANT:  Sydney-based Gold Anomaly has received results from a recently deep-drilled NEV027 carried out at the Nevera prospect situated within the company’s Crater Mountain gold project in Papua New Guinea.

The company said the highlight of the results has been the identification of deep porphyry at 1046 metres depth.

Gold Anomaly said the top 1,046m of the hole averages 0.25 grams per tonne gold with  no Cut Off Grade (COG) applied, which the company claims can be separated into a number of significant zones of 0.25 g/t to 1.0 g/t gold if a COG of 0.20g/t gold.

 

Crater Long section showing intervals of mineralisation. Source: Company announcement

 

The results from hole NEV027 differ from earlier drill holes conducted at the prospect in the demonstration of gold mineralisation to a depth of more than 1,000m before terminating against what the company describe to be as a strongly veined but non‐gold‐bearing apophysis (peripheral arm potentially comprising a separate phase) of a major deep intrusion.

Gold Anomaly said the latest results are the deepest it had intersected gold at Crater Mountain and they highlight the size of the mineralisation and alteration systems at the Nevera prospect.

“The extent of the mineralisation and alteration seen in NEV027 further confirms our belief that the mineralisation system we are seeing at Nevera is very extensive and we are making significant steps in our understanding of the geology of this prospect which will aid us with our future drilling programs,” Gold Anomaly exploration director Peter Macnab said in the company’s announcement to the Australian Securities Exchange.

“The mineralising system we are seeing at Nevera is very similar to prototype porphyry copper and copper/gold systems seen around the world with a large central intrusion surrounded by variably mineralised multiple porphyry apophyses, sitting at the base of a large mineralised hypothermal system with multiple mineral deposits, and this bodes well for future drilling.”