Carpentaria Exploration encouraged by early Advene results

THE DRILL SERGEANT: Carpentaria Exploration (ASX: CAP) has been encouraged by reconnaissance field work results from the company’s Advene gold project in central New South Wales.

The company said the recent work has demonstrated potential for large intrusion related, breccia-style deposits in, what it described to be, a largely unexplored area of the Central Lachlan Fold belt.

Carpentaria has received rock chip channel results from the Josephine Moulder (JM) lode structure, which have returned up to 12.4 grams per tonne gold and 29.4g/t silver.

Rock chips from newly-recognised parallel zones to the JM lode and workings returned up to 1.61g/t gold.

 

Project plan, showing historic sample sites and CAP rock chip channel sampling. Source: Company announcement

 

Carpentaria claims the rock chip and soil sample results from the JM prospect and surrounds to have extended the strike of known gold mineralisation from 500 metrs to over 2,000 metres, with the mineralisation at JM and parallel lode zones open in all directions.

The company said further, gold anomalism has now been identified in an area over 5 kilometres.

 

Josephine Moulder (JM) prospect – summary plan with CAP rock chips
(orange greater than 1g/t gold, yellow greater than 0.1g/t gold. Source:
Company announcement

 

“These initial results are very encouraging,” Carpentaria Exploration managing director Quentin Hill said in the company’s announcement to the Australian Securities Exchange.

“The Advene exploration licence was pegged because we saw potential for multi-million ounce IRGS-style deposits similar to the 4.5 million ounce Kidston gold mine, and these results are consistent with our exploration model.

“The Advene area is poorly explored with no history of modern work outside the known mineral occurrences and therefore holds great potential for discovery.

“Carpentaria has established high-quality drilling targets at JM, but this reconnaissance has identified a broad area of unexplored gold potential along at least 20 kilometres of strike.

“Follow-up surveying has already commenced to quickly define the best targets for future drilling.”