MacPhersons Resources up to 13g/t gold at Boorara

THE DRILL SERGEANT: MacPhersons Resources (ASX: MRP) have been received preliminary diamond drilling results from the Boorara drilling program located 800m to 1700m southwest of the Company’s 100 per cent-owned Nimbus processing plant.

MacPhersons reported the intersections include both higher grade gold-bearing quartz vein and stockwork mineralisation and large halos of background containing 0.3 to 1.0 grams per tonne gold.

Results included:

5.1 metres at 3.69g/t gold, from 79.05m, including 1m at 13.2g/t gold;

6.1m at 2.39g/t gold, from 67.9m, including 1.15m at 7.53g/t gold;

5.85m at 2.38g/t gold, from 1.6m, including 1m at 9.21g/t gold; and

68.7m at 0.97g/t gold, from 37.8m.

MacPhersons indicated the zones of mineralisation are strike extensions from historic Boorara gold intercepts and are open along strike and down dip.

The company said potential remains for more extensions to the existing project resources.

 

Drill collar positions for the Boorara diamond drilling. Source: Company announcement

 

MacPhersons claims to have now confirmed geological logging of mineralisation zones and the new 3D-model with these assaying results, which it considers to validate its re-interpretation of the local geological model, and the historical database.

“These are preliminary results and they validate our logging and new 3D-models of the gold mineralisation,” MacPhersons Resources managing director Morrie Goodz said in the company’s announcement to the Australian Securities Exchange.

“We believe that the Boorara mineralisation is continuous and open and this QAQC program will allow us to incorporate Boorara into our Nimbus mill feed schedule.

“MacPhersons has commenced pit optimisation studies and metallurgical testwork on Boorara to assess the co-processing Boorara and Nimbus mineralisation.”