THE DRILL SERGEANT: Carawine Resources (ASX: CWX) released assay results from diamond drilling at Hill 800 within the company’s 100 per cent-owned Jamieson project in northeast Victoria.
Carawine Resources claimed the drilling has confirmed the quality of historic drilling at Hill 800.
The recent results stem from two diamond drill holes Carawine drilled adjacent to historic reverse circulation (RC) drill holes in the near-surface 800 Zone.
The company explained the holes deliberately targeted higher and lower grade parts of the mineralised zone, with the objective being to confirm the historic grades to allow historic drilling (more than 60 drill holes) to be used in an upcoming Mineral Resource estimate.
Results from the diamond drill holes include:
34 metres at 3.84 grams per tonne gold from surface (0.3g/t gold cut-off), including 23m at 5.06g/t gold from surface (1g/t gold cut-off); and
45m at 0.93g/t gold from 30m (0.3g/t Au cut-off), including 7m at 1.51g/t gold from 30m (1g/t gold cut-off), and 5m at 1.21g/t gold from 42m, and 6m at 1.97g/t gold from 53m.
“There is a substantial database of historic drilling at Hill 800 which focussed on the near-surface 800 and 740 Zones,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.
“Our latest drilling results confirm this work to be reliable, of high quality, and suitable for inclusion in our upcoming Mineral Resource estimate for Hill 800.
“We are expecting the next assay results from Hill 800 in about two weeks from the last hole of our current program which was drilled to test up-dip from the recently announced high grade interval of 17 metres at 6.62 grams per tonne gold in drill hole H8DD0041.
“Exploration at the Jamieson project is continuing, with field mapping and sampling programs aimed at investigating the potential to grow Hill 800 beyond the current limits of drilling, and other high-priority prospects such as Hill 700, Mt Sunday Road and Rhyolite Creek.
“Meanwhile we are gearing up to commence exploration at our Paterson project in Western Australia, we look forward to updating the market with details of this work as they become available.”
Carawine currently has exploration field work in progress at the Jamieson project, with field mapping and sampling programs designed to investigate the potential to grow Hill 800 beyond the current limits of drilling and evaluate other high-priority prospects such as Hill 700, Mt Sunday Road and Rhyolite Creek.
The company anticipates releasing results of these programs over the coming months.