Naracoota completes drill program

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THE DRILL SERGEANT: Naracoota Resources has received further high-grade gold results from the final three holes of a recently competed eight hole first pass drill program at the company’s Hill 680 prospect located 125 kilometres north of Meekatharra in Western Australia.

Naracoota owns 100 per cent of the gold rights at Hill 680.

The prospect is located on the Horseshoe Range, situated approximately 25km south-east of the Fortnum gold plant and mine, and two kilometres west of the Cassidy Pit, both of which are in the process of being acquired by ASX-listed Resource and Investment.

Naracoota said the drilling of the final three holes of the program had encountered a number of high-grade gold intersections.

 

Cross-section through the Hill 680 prospect. Source: Company announcement

 

Results include:

–    17 metres at 3.71 grams per tonne gold, including 2 metres at 21.7g/t gold and 4m at 3.1g/t gold.

The company also identified broad zones of anomalous mineralisation surrounding the high-grade results such as:

–    79m at 0.42 g/t gold (0.1 g/t cut-off).

Naracoota claims the results confirm the tenor of known mineralisation that was identified by a limited drill program that was conducted in the area in the late 1980’s.

The company also said it has now expanded upon this known mineralisation, extending it closer to surface in an area that had previously not undergone drill testing.

“The results from this initial program are pleasing,” Naracoota Resources managing director Steve Crabbe said in the company’s announcement to the Australian Securities Exchange.

“We have confirmed that there is significant gold mineralisation at Hill 680 and extended the known mineralisation where it remains open along strike and at depth.

“The recent study by CSIRO on the range shows that this mineralisation may extend not just along the range but also along a series of cross cutting structures which have been identified for the first time.

“We look forward to testing this in the next round of drilling at this prospect.”