Carawine Resources Claims High-Grade Gold Discovery at Big Freeze
THE DRILL SERGEANT: Carawine Resources (ASX: CWX) announced the first round of assay results from the Big Freeze prospect within the Neale tenement, part of the Thunderstruck Joint Venture (Carawine 90% interest) in the company’s Tropicana North gold project in the north-eastern Goldfields of Western Australia.
The results stem from an 18-hole follow-up RC drilling program at the Big Freeze prospect that has identified shallow, high-grade gold mineralisation adjacent to the same structure that hosts the Atlantis and Hercules gold prospects.
The Neale tenement also covers the advanced Hercules and Atlantis gold prospects, located 8km and 1km along strike from Big Freeze respectively.
The assay results Carawine has received are from 14 RC drill holes (TNRC045 to TNRC055, TNRC058, TNRC061 and TNRC062) of an 18-hole drilling program completed at Big Freeze in late February 2022 to follow-up the results reported in November and December 2021.
Highlights of the assays include:
TNRC050
7m at 0.53 grams per tonne gold from 101m, including 1m at 1.65g/t gold from 107m; and
1m at 0.58g/t gold from 136m
TNRC053
1m at 2.47g/t gold from 136m; and
1m at 0.49g/t gold from 140m
TNRC058
5m at 18.2g/t gold from 38m;
1m at 0.82g/t gold from 54m;
1m at 0.65g/t gold from 118m;
4m at 0.42g/t gold from 135m; and
1m at 0.56g/t gold from 144m.
Carawine Resources managing director David Boyd said in the company’s ASX announcement.
“This follow-up drilling program was designed to explore for shallow, high-grade mineralisation within a much larger gold trend at Big Freeze.
“Today’s discovery has done exactly that, proving the success of our exploration methods and supporting our confidence in the potential of the Tropicana North gold project to yield multiple deposits.
“We look forward to receiving assay results from the rest of the program and planning additional drilling at Big Freeze, as well as further results from our ongoing drilling at the Hercules prospect just eight kilometres to the north-east.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@carawine.com.au
Web: www.carawine.com.au