Cove encouraged by Goongarrie drilling

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THE DRILL SERGEANT: Cove Resources has been encouraged by results it has received from a second drilling program carried out on the company’s Goongarrie project in Western Australia.

The Goongarrie project is made up of five Prospecting Licences that cover the historic Goongarrie gold mining centre situated in the Eastern Goldfields of Western Australia.

Cove completed a total of 28 RC holes for 2,232 metres, focussing on the Caledonian, Frank North and Goongarrie West prospects.

 

Drilling beneath the shallow Caledonian Pit. Source: Company announcement

According to Cove the recent drilling has identified a continuous zone of mineralisation over 120m.

Cove claimed the best result it achieved from the latest program of 43 metres at 1.55 grams per tonne gold is directly along strike from a hole the company drilled in an earlier campaign, which returned 57m at 1.23 g/t gold.

Other results of particular note from the drilling included:

Caledonian Prospect

–    5m at 3.24 g/t gold from 24m and 3m at 1.64 g/t gold from 72m;

–    1m at 38 g/t gold from 11m and 43m at 1.55 g/t gold from 71m, including 6m at 3.52 g/t gold from 106m.

Frank North Prospect

–    2m at 1.55 g/t gold from 2m, and 7m at 3.25 g/t gold from 35m, including 1m at 20.2 g/t gold from 36m;

–    4m at 1.41 g/t gold from 10m including 1m at 4.65 g/t gold from 10m.

West Goongarrie Prospect

–    1m at 1.21 g/t gold from 21m; and

–    1m at 2.18 g/t gold from 42m.

Surface rock sampling from a small pit above one of the drillholes returned 18.75 g/t gold and 19.7 g/t silver.

Cove said several low grade gold intervals were noted in most of the holes along the gold soil anomaly.

“These results will be interpreted together with previous drill results and a new program and the next phase of work will be implemented in the new year,” Cove Resources said in its ASX announcement.

“The near surface gold mineralisation is over wide intervals which increases the development potential of the area.

“Drillholes are currently being surveyed and full data, including plans and cross sections incorporating current and previous drilling will be provided shortly.”