Carawine Resources Drills Potential Atlantis Mineralisation Extension

THE DRILL SERGEANT: Carawine Resources (ASX:CWX) reported assay results from RC drilling at the Atlantis prospect, located within the Thunderstruck Joint Venture (Carawine 90% interest), which forms part of the company’s Tropicana North project located in the north eastern goldfields of Western Australia.

Carawine Resources completed eight RC holes in January 2021 as part of an initial air core (AC) and RC drilling campaign, the results of which have demonstrated potential for mineralisation to extend beyond the high-grade central zone defined by previous explorers.

Recent results from Carawine’s RC program returned:

6 metres at 0.99 grams per tonne gold from 80m (main lode), including 5m at 1.05g/t gold from 81m,
2m at 1.84g/t gold from 49m (parallel lode), including 1m at 3.31g/t gold from 49m, and
1m at 4.16g/t gold from 112m (parallel lode); and

2m at 2.48g/t gold from 88m (new lode trend) including 1m at 4.52g/t gold from 89m.

“Previous explorers intersected bonanza gold grades, including 15 metres at 21 grams per tonne gold from just 50 metres below surface at the Atlantis prospect,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“Our step-out drilling was unable to repeat these high-grades beyond this central zone, although we were successful in expanding the mineralised footprint at lower grades.

“We will design future drilling at Atlantis to improve our understanding of the orientation and controls on the bonanza gold grades in the central zone and follow up the lower grade intervals returned from this program.

“In the meantime, we are rapidly advancing preparations for RC and diamond drilling programs to follow up the outstanding high-grade gold intervals recently reported from our Hercules prospect, and look forward to updating the market as these are progressed.”