Carawine Resources Extends Hill 800 Gold-Copper Zone

Carawine Resources (ASX: CWX) declared it latest results as some of the highest gold grades returned to date from Hill 800, an advanced gold prospect within the company’s 100 per cent-owned Jamieson project, located in northeast Victoria

Carawine Resources said the latest diamond drilling program at Hill 800 increased the strike and width of the Stringer Zone mineralisation.

The latest assay results are from the extension of hole H8DD004, targeting strike extensions to gold and copper mineralisation in the Stringer and 650 Zones, returning the following intervals:

H8DD004

Stringer and 650 Zones (combined interval)

67 metres at 2.13 grams per tonne gold, 0.1 per cent copper from 143m (0.3g/t gold cut-off)

Stringer Zone

49m at 2.54g/t gold, 0.2 per cent copper from 143m (0.3g/t gold cut-off), including: 17m at 6.62g/t gold, 0.3 per cent copper from 157m (1g/t gold cut-off), including: 1.1m at 10.3g/t gold, 1 per cent copper from 162m (10g/t gold cut-off);

1m at 20.2g/t gold, 0.2 per cent copper from 166m (10g/t gold cut-off); and

2m at 37.5g/t gold, 0.3 per cent copper from 172m (10g/t gold cut-off)

650 Zone

14m at 1.28g/t gold from 196m (0.3g/t gold cut-off), including: 7m at 2.27g/t gold from 203m (1g/t gold cut-off)

“These latest results were particularly exciting because they have increased the width and strike length of the Stringer Zone, the highest-grade part of Hill 800 mineralised system discovered to date,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.

“We recognised the importance of the Stringer Zone with our first drill holes at Hill 800 and these latest results show its potential to become a significant body of high-grade gold and copper mineralisation.

“Each hole we drill gives us a better understanding of its size, orientation and grade, defining a wide mineralised envelope containing numerous extremely high gold grades which together make a very attractive target.

“This is also just our second hole into the recently discovered 650 Zone, with the results showing an increase in gold grade and alteration intensity.

“Both zones remain open, with a drill hole currently in progress targeting the area immediately above these latest, exceptional intersections.”

 

Email: info@carawine.com.au

Website: www.carawine.com.au